(Part 2 of 2)

The total dollar amount for these funds in California averages five billion dollars annually – imagine the amount of interest that earns for the state! Sacramento attorney Bill Palmer who has represented many cases involving California unclaimed funds, said the state’s program was supposed to be a lost and found for residents of California. Instead, it has been turned into a profit generating ‘business’ in recent years.

The ban on the seizure of property by CA has since been lifted and the new California State Controller, John Chiang, is making greater efforts in the form of sweeping reforms in improving how his office deals with CA unclaimed money. There’s still a great need though for Californians and residents of all other states across the U.S. to be informed about the presence of these funds and on how to perform a thorough search for them and take back what belongs to them.

–

Unclaimed cash awaits these Mass. celebrities – Boston Herald
The three are are amongst the many local boldfacers on state Treasurer Tim Cahill ’s latest unclaimed money list. Hmmmm, perhaps Chels knew money management wasn’t her forte – she recently left her gig at a …

ROMULUS: Customs officers intercepted more than $550,000 in unclaimed money in August – News-Herald
ROMULUS — In August, Customs and Border Protection officers and agriculture specialists at Detroit Metropolitan Airport processed 140,753 passengers, intercepted more than $557,000 in currency, and …

Treasurer’s auction brings in $105,000
An unclaimed property auction Monday in Columbia netted $105,000 in proceeds, the state treasurer announced Tuesday.