Leo Trader Pro

Thursday, December 30, 2010

Unclaimed Money- Is this a scam?

You think that you are too smart to have some money sitting around that you don't know about it..?  Think again...

 Only in Florida there are $1.8 Billion dollars in unclaimed money, belonging to about 8.8 million different accounts (most accounts belong to a single person or company, but in occasions, a single person or entity may have more than one account), meaning that more than 8 millions mostly Floridians have some kind of missing money or "unclaimed property" as it’s also frequently labeled. With a population around 18 million, it means that roughly one in three Floridians (or Floridans) have some unclaimed assets.

But it is not only Florida, the State of California holds more than $5.7 Billion related to over 11.6 million accounts, New York $9.9 Billion with 23 million accounts (yes, more than one per inhabitant), and the list goes on. In total, the State’s Governments hold over $33 Billion in unclaimed money. Read more about it following this link:  http://www.naupa.org.

There is even more: The federal government (Treasury) said that  “ $16 billion in savings bonds that were issued long ago have matured and stopped earning interest but have never been cashed in”  See more information here...

Then, not trying to find if you have some unclaimed money because you think you are too smart is probably the dumbest thing you ever do.

There are companies dedicated to find people with unclaimed assets, some charge an up-front fee and some don’t. But this is material for another post.