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The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and a Treasury Department that claims ownership.
The Federal government is trying to keep its holder status of the 16 billion dollar unclaimed bonds. The local states are seeking the money to aid them in the budget shortfall. In other words the local states government could use the unclaimed money that belongs to the rightful owners for their purpose. Here is a short summary of what is going on:
• Over $16 billion in world war bonds are unclaimed
• These bonds where being sold until the late 1980’s
• Bonds have a 40 year maturity
• Chances are your parents or even grandparents bought at least one of these bonds
It is important that these unclaimed bonds remain in the hands of the Federal government so that rightful owners have the opportunity to claim these funds.
It is also important to search for your parents name, grand parents, use a combination of your mother’s maiden name. To search for your money please visit www.foundmoney.com
Full article from AP
Unclaimed Guru specialized in the field unclaimed funds. A dedicated and proactive member who seeks to locate the rightful owner of these funds. Please feel free to ask Unclaimed Guru questions about these funds down below.
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