Archive for the “California” Category
Posted by: admin in California, Found Money, Lost Money, Missing Money, Unclaimed Funds, Unclaimed Money, Unclaimed Payroll Check, Unclaimed Property, UnclaimedFunds, UnclaimedMoney, UnclaimedProperty
We mentioned a few months back that billionaire NYC Mayor Michael Bloomberg was due $76,000 in unclaimed funds, but it turns out he’s not the only high roller overlooking some cash. A recent Forbes.com article highlights a few other big dogs who are missing a few bucks:
Note to Yahoo! Chief Executive Jerry Yang.
Word is that you are trying to wring a few more bucks out of Microsoft for your struggling Web portal.
Maybe this will help: The state of California says you have $3,008.46 worth of unclaimed Microsoft dividend checks coming your way.
Yang isn’t the only billionaire in Silicon Valley who’s got a little unclaimed cash. Apple Chief Executive Steve Jobs has $465.26 waiting for him from an insurance company. Google Co-Founder Sergey Brin never picked up $1,023.91 earned as a graduate student from Stanford University, in addition to $9.53 worth of dividends from The New York Times Company. Google’s other co-founder, Larry Page, has lost track of $262.26. Oracle Chief Executive Larry Ellison, who currently tops Forbes’ list of the best compensated executives, can hang onto a little more Oracle stock this year: he’s got $51.43 coming from the U.S. arm of Swiss insurer Zurich.
Of course those amounts are drops in the bucket for these billionaires, but these are exactly the types of unclaimed assets being discovered by average citizens every day. The article goes on to note that these revelations come as California continues it’s attempts to reunite people with $5.3 billion in CA unclaimed cash, which we’ve discussed here a number of times. As law makers continue to salivate of these monies State Controller John Chiang still appears to be on the side of the folks, trying to reconnect 8.7 million Californians (even billionaires) with their share.
The battle for lost assets in California is all the more reason for residents of that state to get moving on their search for missing money. Mr. Chiang can’t do it all, and he’s fighting with politicians who can’t wait to get their hands on your cash, so stop procrastinating and get your unclaimed property search started today.
Tags: unclaimedfunds, unclaimed money, unclaimed assets, rich people, unclaimed property, unclaimedmoney, billionaires, ceos
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Posted by: admin in California, Found Money, Lost Money, Missing Money, Unclaimed Funds, Unclaimed Money, Unclaimed Payroll Check, Unclaimed Property, UnclaimedFunds, UnclaimedMoney, UnclaimedProperty
It was just over a month ago that we pointed out that CA abandoned assets totaled $5.1 billion, but in just a few short weeks the state has added another $200,000 to bring the total to $5.3 billion, and counting, according Mercury News.
California is sitting on $5.3 billion in abandoned property, which it gets to keep until someone claims it. Businesses turn over about $500 million a year to the controller’s office.
And the battle over CA missing money between Cali’s controller, John Chiang, and the state itself, that we’ve discussed in earlier posts, rages on:
It’s not exactly in the state’s interest to work hard at finding the rightful owners, but that’s what Chiang has been doing. He has pushed for reforms to speed up the process, and he even wants the state to pay interest on the money.
Last year the Legislature expanded his authority to track down property owners. Deputy Controller Hallye Jordan said the office has sent out more than a million notices since then, and there have been many happy reunions.
In one case, a safety deposit box sent to the state in 2006 contained several World War II military medals, including the Medal of Honor. The controller was able to track down the war hero’s family and return the medals to them.
Read the rest of the Mercury News article which contains a personal found money story from the author, but the bottom line is that with the fight over CA unclaimed property, relying on the government to get your cash back to you isn’t going to cut it.
It’s time for anyone who might be owed lost assets to step up and get searching for your money today to be sure they find every last penny, and put it back in your own pockets where it belongs!
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Posted by: admin in California, Found Money, Lost Money, Missing Money, Unclaimed Funds, Unclaimed Money, Unclaimed Payroll Check, Unclaimed Property, UnclaimedFunds, UnclaimedMoney, UnclaimedProperty
This blog has mentioned the legal mess surrounding California’s unclaimed property program before, but it seems there is no end in sight. After a recent ruling that took the side of people who are owed a share of the CA unclaimed funds, the citizens, and took the position that the state had handled lost assets improperly, lawyers for state politicians rushed to try to stop the bleeding, as this will greatly affect the state’s ability to (wastefully) spend money. Sure, California politicians will always find a way to tax and spend, but they were counting on taking money owed to citizens and blowing it as well.
Here’s what happened a couple of weeks ago:
Attorneys for California’s controller are in court trying to head off a ruling that could cost the state millions of dollars. It all stems from the state’s handling of billions of dollars in unclaimed property, taken from taxpayers without notice.
Generally unclaimed money becomes “unclaimed” because it is difficult to contact the rightful owner for one reason or another, but more often than not it relates to a change of address in one way or another. It is generally recommended that the citizens learn how to search for missing money on their own because the states are simply incompetent when it comes to this matter.
California is in a league of its own!
“In our case, they took 200 shares of GE stock, and sold it. We’ve been at the same address for 34-years, but they couldn’t find us.“
This is NOT an isolated incident, and it is exactly the sort of nonsense that makes it all the more clear that residents of any state, but California especially, need to know how to search for their own forgotten funds if they are truly intent on tracking them down.
California is making desperate moves to prevent people from reuniting with their cash. Don’t let them keep yours! This legal battle is far from over and the only way to ensure you don’t forfeit money owed to you as this drags out, is to locate it yourself and claim it ASAP.
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This is a new one - A limited time call in program for California missing money, hosted by a local television station and the State Controller (yes, California has a “controller”, as opposed to a “comptroller”, like other states have). Sadly I didn’t hear about it until today, so if you didn’t already get in on it, you missed it by about 24 hours. KCRA, via Yahoo!, reports:
To find out if you’ve got unclaimed property being held for you, Call 3 is teaming up with the Unclaimed Property Division of the State Controller’s Office for a Call 3 Call-In on Tuesday, Nov. 13. Phone lines will be open from 5 a.m. to 7 p.m. for questions. Call 916-447-2255.
Luckily there’s no time limit on UnclaimedMoney.net’s system. In fact you’ll get INSTANT ACCESS to a step by step unclaimed property search guide, backed up with a MONEY BACK GUARANTEE.
Not only will you be able to search for unclaimed money in CA and across the nation whenever you want, as many times as you want, but you’ll also learn about methods for locating lost money that most unclaimed funds sites don’t tell you about.
Meanwhile, I’ll keep my eyes and ears open for any future “Call 3 Call-Ins”, to assist you in your search for unclaimed funds in California.
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There’s currently a battle between judges and state employees in California over whether or not the state should be seizing unclaimed property and whether or not they’re making their best efforts to notify citizens that the state has their found money.
The LA Times breaks down the unclaimed cash mess:
SACRAMENTO — A federal judge Thursday cleared the way for the state to once again seize people’s inactive bank accounts, stock shares and the contents of safe-deposit boxes.
The order from U.S. District Court Judge William B. Shubb lifted his June 1 ruling that stopped the state from seizing “unclaimed property” whose possible owners or heirs were not being properly notified ahead of time.
The judge’s action came in response to a new California law and increased efforts to contact owners of “unclaimed property” before it is taken.
The new law “appears to provide notice reasonably calculated to inform property owners of the impending seizure of their property and significantly lessens the likelihood of irreparable harm to plaintiffs,” Shubb said.
The article goes on to quote people on both sides of the issue. Some think the new law largely solves the problem of folks not being notified that the state is holding their missing money. Others think it doesn’t go far enough and this constitutes an abuse of CA citizens. It’s tough to tell who’s right, but one thing is for sure… don’t rely on the state to return your unclaimed money to you!
If there’s one thing I can’t stress enough, it’s that most people don’t know how to property search for their unclaimed funds in the first place, and most web sites out there aren’t teaching you how to exhaust all methods of searching for your money. But if you’re going to rely on the state to find you, then you can forget about seeing that money.
The article goes on to explain that $87 million will be returned to people this fiscal year. Yeah, that’s great, but how about the other $5.013 BILLION!!!???
That’s right, not even 2% of the money will be returned. Do you need any more proof that locating your unclaimed money is up to YOU, because clearly the state is incapable of returning your cash to it’s proper owners.
Take control and learn how to search like a pro at http://www.unclaimedmoney.net
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As I watched the Red Sox claim their spot in the American League Championship Series, and the Yankees unclaim theirs, I was asking the question that I’m sure was on all of our minds: What happened to that giant freak Barry Bonds, and what is his consolation prize? Turns out it’s unclaimed funds!
Well, if Bonds isn’t busy painting himself green to do stunts for The Incredible Hulk 2, he’s probably SUCCESSFULLY searching for his unclaimed funds, and learning that he’s $460.20 richer!
Owner’s Name: BONDS BARRY
Amount: $460.20
Type of Property: Refunds
Reported By: CELLCO PARTNERSHIP DBA VERIZON WIRELESS
Reported Address: 1100 MARSHALL STREET , REDWOOD CITY CA
So cheer up gigantor. You may be leaving the Giants (and possibly retiring) with a cloud over your head, and a needle in your butt… but at least you took the career home record* (yeah, that’s right, I asterisked ya, get used to it!) and you’ve got $460 from some old cell phone you owned at some point!
Honestly, this post started out partly as a joke. After noting that many of the famous names (even cartoons) that you search at other unclaimed money sites reveal just how fake their “databases” are (NOTE: There is no national unclaimed funds database, don’t be fooled by sites telling you they have one). But upon searching Barry Bonds with REAL California unclaimed funds resources, I learned that he is indeed owed unclaimed funds!
Now, you’re probably thinking “it’s probably a different Barry Bonds”, which is what I figured at first too… but I googled that address, and low and behond, it is him! Actually, it appears to be the “Barry Bonds Family Foundation”, but it’s the Barry Bonds who is owed California unclaimed funds, none the less.
Tags: barry bonds, ca unclaimed money, san francisco giants, california unclaimed, steroids, unclaimed, unclaimed money, california unclaimed money, unclaimed funds, ca unclaimed, california unclaimed funds, sf giants, giants, ca unclaimed funds
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Posted by: admin in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Unclaimed Funds, UnclaimedFunds, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming
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