Chapter 18. Money lost, borrowed, or gambled
Unclaimed property
You are told through an email or other communication that there are billions of dollars of unclaimed or abandoned money being held by the states and federal government and that some of this money is yours. For a fee, this helpful person will assist you in locating your property and claiming it.
The truth is, various state and federal agencies are indeed holding more than 24 billion dollars of unclaimed money that is waiting to be retrieved by the rightful owners. State law requires financial institutions, such as banks, to turn over money from inactive accounts. Typical abandoned property includes savings or checking accounts, stocks, uncashed dividend checks, certificates of deposit, ...
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