Unclaimed money accounts in the United States total over $25 BILLION dollars! The money ends up in these account do to the governments â€œescheat lawsâ€? requiring institutions such as banks to turn over funds from dormant bank accounts, uncashed checks, unused gift cards, etc. States are now passing bills to spend the money from these Unclaimed Property Trust Funds.
These funds are owed to millions of Americans and instead of making any sizable effort to contact the rightful owners, the state is now proposing to spend this money to handle there own budget problems.