Visitors Now:
Total Visits:
Total Stories:
Profile image
By goldenmean (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Tons of Unclaimed Money in NY State, Largest Sum is $1.7 Million

Saturday, June 15, 2013 8:12
% of readers think this story is Fact. Add your two cents.

(Before It's News)

NEW YORK–Imagine that you had money you didn’t know about just waiting to be claimed. For $12 billion of New York state residents’ money, that’s exactly the case.

As hard as the New York State Unclaimed Funds Office works, though, they can only manage to match an average of $1 million a day total with the rightful owners. The office, which operates under the State Comptroller, uses records that date back to 1943 to track and hold money that goes missing from its rightful owner. 

“The Comptroller’s trying to put the money back in the hands of New Yorkers,” said Nikki Jones, Deputy Press Secretary for New York State Comptroller Thomas P. DiNapoli. 

The funds can come from many sources: old bank accounts, unclaimed stocks and bonds, or a forgotten rental deposit. The majority of unclaimed funds are under $100, but some payouts are huge.

According to Jones, one of the largest payouts to a single recipient was $4 million for a stock account. A current account for $1.7 million is currently waiting for its rightful claimant. 

read the rest: http://www.theepochtimes.com/n3/105240-ny-state-seeking-owner-of-1-7-million

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.