Most Active Stories
- Kentucky Secretary of State Alison Lundergan Grimes is Running For Re-Election
- Kentucky School Districts Brace for $8M in State Cuts
- Prairie State CEO to PPS: "We Are Focused on Eliminating Everything that has Brought us Offline"
- State Rep Kenny Imes Announces Bid for Kentucky Treasurer
- Army Study Analyzes Cutting 16,000 Personnel from Fort Campbell
Tue July 16, 2013
KY Treasurer warns of unclaimed property scams
Kentucky State Treasurer Todd Hollenbach is urging residents across the Commonwealth to be alert for scams involving unclaimed property. Hollenbach says several business firms are using the Freedom of Information Act to obtain unclaimed property owner information. He says their intent is to sell individuals an unclaimed property search.
Hollenbach says there are also businesses, sometimes called finders or locators, that find legitimate lost property for owners and offer to help them obtain it for a fee, usually a percentage of the total.
Hollenbach says most of those businesses abide by the law, but he says there are many scams across the country. Hollenbach says he has returned more than $84 million of lost and abandoned property to thousands of Kentuckians.