$300,000 + Waiting to Be Claimed by Residents, Companies
There are approximately 900 claims for individuals and businesses ranging in amounts from $1 to more than $100,000. There is more than $300,000 total waiting to be claimed. The Clerk of Courts believes a lot of the money that has not been claimed is due to people moving, people not renewing their P.O. boxes and …. Read More
What Happens to Unclaimed Money in Massachusetts?
CHICOPEE, Mass. (WWLP) – Millions of people in Massachusetts have unclaimed funds sitting in the state’s bank, the Unclaimed Property Division. This includes bank accounts, mutual funds, and uncashed checks. Local cities and towns also have plenty of unclaimed money. “A large city like us we always have uncashed checks,” said Marie LaFlamme, treasurer in …. Read More
Scientists, Out $12 Million, Sue Delaware Over Seizure of Their Stock
Two French scientists are suing the state of Delaware for seizing and selling their stock without their knowledge, depriving them of millions of dollars in gains. French scientists Dr. Gilles Gosselin and Dr. Jean Louis Imbach allege that Delaware officials wrongfully seized their shares in Idenix Pharmaceuticals Inc. and sold the stock for $1.7 million …. Read More
When Your Abandoned Estate Is Possessed By A State, That’s Escheat
Audrey Quinn 3-Minute Listen States are getting more aggressive claiming abandoned property to use for state purposes, a process known as escheat. But sometimes the holdings don’t feel so abandoned to the people who own them. AUDIE CORNISH, HOST: When state governments need cash, they could raise taxes, but that’s such a tough sell that …. Read More