Millions in money, property unclaimed in Nevada - FOX5 Vegas - KVVU


Millions in money, property unclaimed in Nevada

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More than $400 million belonging to Nevada residents remain unclaimed, according to State Treasurer Kate Marshall.

With that amount of cash, property and bonds still unclaimed, Marshall displayed a visual representation of what some Nevadans may not know is theirs.

The state treasurer hosted a news conference in downtown Las Vegas Friday as part of "Operation Claim It!"

That visual representation shown Friday included $1 million in U.S. Savings Bonds.

She says her office is personally contacting the apparent rightful owners of more than 6,000 unclaimed bonds. Some 900 separate U.S. Savings Bonds' rightful owners will be contacted, she said.

"The goal of Operation Claim It! is simple: do everything within our power to get these funds to people in Nevada to whom it rightfully belongs." Marshall said.

She noted that the State Treasurer's Office completed its most successful year ever in FY11, with $32.8 million returned to rightful owners, shattering the old mark by more than $7.4 million

The treasurer's Unclaimed Property Division serves as the custodian of all unclaimed property that all Nevada businesses are required to deliver, according to state law.

The state defines unclaimed property as any financial asset that has not had owner activity for a period of time. This includes account balances, checks, court deposits, insurance payments, payroll, securities, utility deposits, and the contents of safe deposit boxes.

Marshall said people can check if they have unclaimed property in their name at People can also call 702-486-4140 or 1-800-521-0019.

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