Illinois Treasurer Michael Frerichs Returns $18.9 Million In Missing Money in October
SPRINGFIELD – The Illinois State Treasurer’s Office returned more than $18.9 million in missing money during October, Illinois Treasurer Michael Frerichs announced today. The total includes more than $18 million in cash and interest and more than $900,000 in stock value. All told, 33,845 claims were paid. “We help Illinois’ economy by putting money back in people’s pockets,” Frerichs said. “Our efforts to improve the efficiency of reuniting people with their missing money are paying off.” Illinois’ missing money program — also known as I-CASH — is one of the state’s oldestconsumer protection initiatives. The State Treasurer is tasked with safeguarding unclaimed property, such as the contents of overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. Illinois holds more than $5 billion in unclaimed property. The Treasurer’s Office has returned more
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