$5.3 Billion Dollars unclaimed in New Jersey Treasury.

The State of New Jersey grew its coffers by over $1 billion dollars since our last post.

Who does this money belong to?

The treasury will tell the public they are a custodian safeguarding the assets from misappropriation by corporations that could not return the funds to their customers. This is factually correct.

However, if the stated goal is to return this money to its owners, why does the balance continue to grow faster than the money can be returned?

Short answer - by design.

Everything about the structure of the unclaimed property administration is designed to make sure that vast balances stay with the treasury. The State is so confident that they will never have to pay the bulk of these funds out to the public that they actually transfer most of it to the general fund. And they rely on new money coming into the program to pay out claims for older accounts.

When the deck is this stacked against you, hiring a professional recovery expert is a logical decision.