Unclaimed Funds Event: NY May Owe You Money

BROOKLYN -

New York is currently in possession of $12 billion in unclaimed funds. Is any of it yours?

Councilman David Greenfield (D-Brooklyn) is partnering with State Comptroller Thomas DiNapoli to host a free event next Thursday, May 23, to match the funds of more than 28.6 million accounts with their rightful owners, at Greenfield’s district office 4424 16th Avenue between 2 p.m. and 7 p.m.

“It only takes a few moments to find out if the state is holding money that is rightfully yours, so stop by my office and have a representative from Comptroller DiNapoli’s office quickly check for any unclaimed funds you are owed,” Greenfield said.

Last year, the State Comptroller’s Office paid $314 million to residents through this program, with half of all payouts totaling more than $100 each. In 2008, an individual received $4 million from a stock claim. One person is currently owed $1.7 million from an unclaimed account.

While in possession of the funds, the comptroller’s office places the money in an interest-bearing account for five years.