FOR IMMEDIATE RELEASE
Wednesday, December 14, 2011
State Treasurer Clint Zweifel returns $6.1 million to KC woman – largest return in state history
Largest return on record was one security – a St. Joseph man also gets $100,000
KANSAS CITY, Mo. – State Treasurer Clint Zweifel (ZWY-ful) has returned a record $6.1 million in Unclaimed Property to a woman in the Kansas City area. This is the largest single return to a business or individual in state history. The recipient’s name is not being released for privacy reasons, and the return was made up of one security.
"While we aren’t disclosing this person’s name, what I can tell you is we found this person and worked quickly to get the money back in her hands," Treasurer Zweifel said.
"Assets become Unclaimed Property every day for many reasons, whether it is a death in the family, misplaced documents or a change in address. What is important though
is Missourians know we will safeguard their money forever until they claim it, and they can search 24 hours a day at www.ShowMeMoney.com."
A man in St. Joseph, Mo., also received $100,000. His claim was made up of 15 different securities accounts.
Thirty-eight accounts worth more than $100,000 each remain to be returned. The geographic breakdown is: 15 in St. Louis County; 12 in Jackson County; three in
St. Louis City; two in Boone County; and one each in Buchanan, Butler, Camden, Cole, Franklin and Jasper counties.
Since January 2009, Treasurer Zweifel has returned $103 million to more than 303,000 account holders.
Missourians may check for Unclaimed Property 24 hours-a-day at www.ShowMeMoney.com. About 55 percent of claims are eligible for paperless processing, and wait times have been cut in half. Individuals may also sign up for email notifications and can track a submitted claim from the website.
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 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 does not handle real property such as land,
houses, cars and boats. There is $600 million in Unclaimed Property maintained by Treasurer Zweifel. Treasurer Zweifel never charges for the return of Unclaimed Property.