Where Unclaimed Missing Money?

Monday, January 3, 2011

The money, which typically represents life-insurance policy payouts or dividend checks and premium refunds that were mailed to policyholders, will be held indefinitely by the Department of Veterans’ Affairs if it remains unclaimed.

Reno Gazette-Journal reporter Frank X. Mullen set out to locate 100 Northern Nevadans in four counties who were owed about $4.5 million, or 1 percent of the total unclaimed funds held by the Nevada State Treasurer’s Office.
Not only that, cause today the Eastern Municipal Water District, which services the City of Menifee, posted an updated list of persons whom they owe money to.
You ought to check it because it’s a long list.
Some of the names are businesses, but most are residents. In all, 556 names are listed totaling $41,845.78. Most of these amounts are less than $100.00, but there are others who are owed several hundreds of dollars. The unclaimed money relates to refunds associated with the closing of water accounts, water efficiency rebates, and refunds of deposits to developers upon completion of projects, etc.
The District attempts to locate the current address to contact these customers, but is sometimes unsuccessful due to lack of a forwarding address, companies closing, businesses and residents filing for bankruptcy, or for other reasons. So, where is it? Where the missing money, is it unclaimed money, or just treasury direct?

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