FOR IMMEDIATE RELEASE
Wednesday, May 2, 2012
St. Louis area business loses $190,000 – State Treasurer Clint Zweifel finds it, returns it
Record setting pace continues for Unclaimed Property returned to Missourians
ST. LOUIS – A St. Louis area business has $190,000 back thanks to State Treasurer Clint Zweifel (ZWY-ful). The $190,000 account was made up of one mutual fund held as Unclaimed Property. The company’s name is not being released for privacy reasons.
"This is the second claim over $100,000 I have returned in eight days," Treasurer Zweifel said. "Just since July 2011, we have returned more than $32 million to more than 105,000 account holders. This is money we need in Missouri’s economy, but more importantly this is money Missourians need for utilities, groceries and their children."
Since January 2009, Treasurer Zweifel has returned $115 million to more than 356,000 account holders.
Missourians may check for Unclaimed Property 24 hours-a-day at www.ShowMeMoney.com. While there, they may also sign up for email notifications and track a submitted claim.
About Treasurer Zweifel’s Unclaimed Property
State law requires financial institutions, insurance companies, public agencies and other business entities to turn over assets to Treasurer Zweifel’s office that belong to a customer, client, employee or other owner if there have been no documented transactions or contact with the owner for five or more years. Most Unclaimed Property consists of cash from bank accounts, stocks, bonds and contents of safe deposit boxes that have been abandoned. It also can include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs. Treasurer Zweifel’s office does not handle real property such as land, houses, cars and boats. There is $700 million in Unclaimed Property maintained by Treasurer Zweifel. Treasurer Zweifel never charges for the return of Unclaimed Property.