Top St. Louis employer receives $118,000 in Unclaimed Property from State Treasurer Clint Zweifel
More than $30 million returned this year – a 17 percent increase over previous year
For Immediate Release
Thursday, April 12, 2012
ST. LOUIS – A top St. Louis employer has received $118,000 in Unclaimed Property from State Treasurer Clint Zweifel (ZWY-ful). The money came from 53 individual accounts belonging to the company. Its name is being withheld for privacy reasons.
“Every day I receive new Unclaimed Property for businesses and individuals in Missouri ranging in value from a few cents to millions of dollars,” Treasurer Zweifel said. “I hold more than 4.3 million accounts worth nearly $700 million, money I hold in trust forever until returned. This is money that belongs to the taxpayers of Missouri, and we are returning more of it than ever before.”
The 53 accounts were made up of refunds, stocks, dividends, rebates and security deposits.
Treasurer Zweifel has returned more than $30 million so far this fiscal year, including what is thought to be the single largest return to a business or individual in the nation’s history, $6.1 million to a Kansas City area woman in November. This is a 17 percent increase over this time in 2011.
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 $113 million to nearly 350,000 account holders.
Missourians may check for Unclaimed Property 24 hours-a-day at www.ShowMeMoney.com
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 $700 million in Unclaimed Property maintained by Treasurer Zweifel. Treasurer Zweifel never charges for the return of Unclaimed Property.