| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Tons of Unclaimed Money in NY State, Largest Sum is $1.7 Million
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
