Claim Missing Money With Found Money®

There are over $200 million worth of unclaimed property held in the State of Kansas according to Dennis Mckinney’s office of the Treasury.

In these unclaimed property accounts, you will find inactive savings and checking accounts, un-cashed checks, stock shares and bonds, dividend checks, insurance proceeds, mineral royalties and utility deposits. Many unclaimed items do not have to be reported as unclaimed for 5-25 years, however, cash, stocks and bonds and safe deposit boxes must be reported unclaimed on an annual basis, says Palonek, founder of a unclaimed money and asset search service called foundmoney.com, where people can search their names and the names of friends and relatives to see if they have any unclaimed cash that can be claimed.

Many people seem to forget about these unclaimed monies, in fact, there are over 15 thousand safety deposit boxes waiting for the rightful owners to make a claim. There are around 600 boxes that go unclaimed each year and Palonek would like to help reunite Kansans with their financial assets.

According to the State Office in 2009 over $20 million dollars were reported unclaimed and over 50% of that was returned to their rightful owners.
“During these very difficult economic times, taking action now could put much needed money in the pockets of thousands of Kansans” says Palonek. Searching for unclaimed money couldn’t be easier, simply go to www.foundmoney.com and start your search for you a family member or a friend.

In most states, unclaimed property can be claimed by the rightful owners or their heirs, indefinitely. However, some states have enacted legislation where they are able to keep the unclaimed money and not return it to the owner after a certain period on time. Idaho is one such state.
In 2007, Idaho made a change to their unclaimed property law that allows them to take permanent ownership of the unclaimed property if it has remained unclaimed for 10 years or more.
“More and more states may start to do this in order to help pay down their deficits. This amounts to millions and millions of dollars that are lost forever and can never be re-claimed”, says Palonek, founder of Foundmoney.com, a company specializing in helping people find unclaimed money since 1994.
Edward Palonek would like to help return as much of that unclaimed money to the rightful owners before the Idaho government takes permanent possession of it.
According to Idaho State records, they collected over $9.7 million in unclaimed property in 2009, while almost $12.8 was collected in 2008. Of that over $7.9 million was distributed in 2009 and over $7.2 million in 2008. In total, Idaho currently has over $51 million dollars waiting to be collected by its citizens.
Finding some of these unclaimed assets couldn’t be simpler according to Edward Palonek, “all that is needed is a computer or access to one and go to foundmoney.com to see if you or a relative or a friend has any of this unclaimed cash”.
To avoid having you money and other valuable assets become unclaimed:
- Make sure to keep your records active through customer-initiated contact with the holder of the account, such as at banks, at least once every two years.
- Keep accurate and current records of all accounts, insurance policies, GIC’s safe deposit boxes, stocks and bonds.
- Tell family members of the location of your accounts and make sure to alert businesses that hold your assets whenever you move.

LAS VEGAS --- The recent announcement from of General Motors that, without a bailout, the company could face further problems has prompted FoundMoney.com (http://www.foundmoney.com) Founder Edward Palonek (http://www.edwardpalonek.org) to comment on the situation. FoundMoney.com is an Internet-searchable database for unclaimed money, and Palonek reports that the big three have millions of dollars sitting and collecting dust.

"A worst case scenario has been presented to congress which summarizes that GM's new operations would need more money than the already allocated $13.4 billion dollars," said Palonek. "The big three automakers need to examine other potential streams of cash. "The problem of auto makers not collecting money extends to almost all foreign car makers, such as, Toyota and Honda."

According to Foundmoney.com, General Motor Company (GM) has over 1,500 unclaimed money records with the estimated worth of $3.4 million. Chrysler Company has about 1,200 records with unclaimed funds worth over $1.6 million, while Ford Motor Company has more than 1,300 records in the Foundmoney.com database totaling over $2.2 million.

"The problem of domestic companies not realizing that they could recover this money quite easily also extends to foreign car makers," added the unclaimed money expert.

Toyota has an estimated $918 thousand of unclaimed funds and Honda has over just under $500 thousand in unclaimed money.

"Millions of individuals have recovered millions of dollars in recent years with companies like Foundmoney.com," stated Palonek. "While the auto makers sit on a pile of gold, they continue to ask for bailout money. Some auto makers have taken drastic cuts, which is evidenced in the recent Detroit Auto Show where some carmakers did not show up. Mitsubishi, Nissan, Ferrari, Land Rover, Rolls-Royce and Suzuki where among those car manufactures that did not attend the auto show in an attempt to save money."

Foundmoney.com reports that Nissan has over $700,000 of unclaimed money - money that could have helped to pay for the auto show.

FoundMoney.com is the Internet's largest search engine for unclaimed funds. Its database was opened in 1995 with over 1,000,000 records. Palonek started the company after his own parents passed away. As he realized the difficulties imposed by financial institutions when recovering this money, Palonek made his research available to the public.

Palonek and his company would like to offer the big three automakers a free service to help them recover their unclaimed funds. "Full story be told, millions of dollars are at stake here. Foundmoney.com would help the auto makers with the appropriate claims for some 7,000 plus records containing millions of dollars. It's money you just can't ignore when you're strapped for cash," commented Palonek.

"This month, General Motors will receive $9.4 billion and Chrysler, $4 billion. The other $4 billion will come in February but only when Congress approves a request for the second half of the financial bail out fund. In the mean time, FoundMoney is in the process of contacting the companies involved, and we hope to hear a response soon," said Palonek.

Featured on television shows such as Oprah Winfrey and Maury Povich, FoundMoney's service guarantee assures users that the information available to clients within the database will contain more than $50 or a full refund is available.

"For years the automakers have ignored missing money. Harsh economic times make finding unclaimed money a great cash infusion - not just for the automakers,but also for any individual. Millions of people have already visited Foundmoney.com to locate money using a proven method for unclaimed funds recovery."

According to the National Association of State Treasurers, there currently is more than $30 billion in unclaimed money, and with the total rising faster than people claiming, it is projected that by 2020 there could be as much as $40 billion of unclaimed money. "Aging boomers are adding more significantly to this number," remarked Palonek. "If someone forgets about a savings account today, that account may potentially take over five years before it reaches status of unclaimed money. As in the case of the automakers, it is certain there will be more unclaimed money in the coming years."

There is no doubt the world economy is facing some tough issues ahead, but there may have a positive cash infusion into the economy from an unlikely source: unclaimed money. This is a world wide phenomenon with billions of missing money world wide. In the UK people are urged to check and double check whether they've got any missing money in old accounts they might have forgotten about. Banks are making a considerable efforts to locate their rightful owners.

While most countries will keep missing money in a special accounts for future generations to claim, some other countries and institutions do not follow this road. Recently a man in Shanghai has failed to collect a lottery jackpot of $827,700. As a result that money will now be added to the next draw.

It is estimated that Americans have more missing money per capita then any other country. “This is good news for the dire economy, now we just have to find the people who are owed this money. “ says Edward Palonek founder of Foundmoney.com.

The best method for searching money is to conduct a search on a national database of missing money. Found money provides such a database with unprecedented proven track record, this is one website you can bookmark.

Under this act:

Individuals and families are eligible to receive up to $600 for individuals and $1,200 for couples. A minimum of $300 per person and $600 per couple would be available to those with at least $3,000 of earned income. This relief would be available to everyone with adjusted gross income less than $75,000 for singles and $150,000 for married couples filing jointly. It will be phased out for taxpayers above those income thresholds. Taxpayers may qualify by filing a tax return for 2007 and including a valid Social Security number on their tax return.

Everyone eligible for this relief would also receive an additional $300 per child. For example, this would mean up to $1,800 of tax relief for an eligible couple with two children.

Recipients of Social Security and certain veterans' benefits are also eligible for rebates. Those who receive at least $3,000 from any combination of benefits from these programs will receive rebates. The IRS and Treasury Department will be working closely with the Department of Veterans Affairs and the Social Security Administration, along with beneficiary organizations, to ensure that all eligible individuals are able to receive their payments.

However with the IRS unable to deliver some of this money due to various database errors. Much of these errors can be attributed to incorrect mailing addresses. As such IRS has setup a hotline that you can call to claim your money.

With Christmas around the corner, a gift from Uncle Sam would be a very nice gesture. So don’t delay, call the IRS hotline at 1-866-234-2942. As always don’t forget to search for any missing money on our website as well.

December 5, 2008 – Edward Palonek, founder and CEO of foundmoney.com, announced that his unclaimed property department is teaming up with Santa Claus to alert millions of individuals and companies, that they may be the rightful owners of abandoned bank accounts, misplaced payroll checks, forgotten stocks and other unclaimed assets.

Each year, thousands of people lose track of their bank accounts, cash, stocks, bonds, refunds, royalties, safe deposit boxes and other property. People move and forget to furnish their bank, broker, employer or insurance company with a forwarding address. Losing sight of property can happen to anyone, says Mr. Palonek and Santa Claus

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Everyone looses money here and there, weather it be a nickel on the street while you pull your wallet out or by simply rushing for a cab. But can you imagine loosing over 14 thousand dollars? Well some people don’t just loose this money, some people have money and they don’t even know it. Watch this video when KTLA news crew films as Foundmoney.com found money for this lady. Found money’s fee was just $20. Would you give $20 bucks to find 14 thousand dollars?

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Most people have some sort of missing money sitting somewhere, the trick is in finding this money, while there may be many websites that offer similar service; there is only one, original foundmoney.com. Since 1994 Found Money is the number one source of unclaimed and missing property. Some other services offer it for free asking for your email and other personal data, we strongly advise against using such websites. Our service comes with over 10 years of experience and an iron clad guarantee.
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