(Part 1 of 2)

The California’s unclaimed funds department takes in approximately 300 million dollars annually. Why does it matter to you? Well, if you or anyone you know is or was a resident of the Golden State (or had any kind of business dealings, whether you knew it or not), part of that big pile of California forgotten funds might very well be yours!

Under the state of California unclaimed property law, lost money such as forgotten checking and savings accounts, uncashed checks and money orders, mineral deposits, salary checks, cash and stock dividends, state of California unclaimed tax refunds, gift certificates, and other financial assets are turned over to the Treasury Dept. if the rightful owners don’t locate them within a given time period. This ‘dormancy period’ varies widely from state to state, but in California it is three years. These unclaimed monies then head to the CA unclaimed property division, where they sit in the state’s general fund until returned to the rightful owners. This is where state employees who handled California unclaimed cash were recently criticized. Seems that they were all to happy to locate and take hold of the lost funds from the establishments holding them but but weren’t so keen on tracking down the actual owners in the California unclaimed property database.

(to be continued)

–

Arizona lottery officials say unclaimed money awaits unknown winners
PHOENIX – The Arizona Lottery says three tickets worth $10,000 each are still unclaimed from January’s Millionaire Raffle game. The three $10,000 prize winners must mail their claims by Saturday to collect.

$10,000 prizes in Arizona Lottery raffle unclaimed
PHOENIX (AP) The Arizona Lottery says three tickets worth $10,000 each are still unclaimed from January’s Millionaire Raffle game. The three $10,000 prize winners must mail their claims by Saturday to collect. The winning tickets were sold in Goodyear, Phoenix and Mesa. There are also 48 unclaimed $1,000 prizes and 13 $500 prizes. Money that isn’t claimed from the game will be split between …

Online Office Of Unclaimed Funds Returned $4 Million To New Yorkers
There is still more money left to claim