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CFO Alex Sink Presents $30K Check to Orlando Senior, Previews Unclaimed Property Auction

8/20/2010

CONTACT: Jerri Franz or Jayme O’Rourke, (850) 413-2842
 
More than 40,000 Items Including Jewelry, Watches, and Rare Coins to be Auctioned Tomorrow
 
ORLANDO – Florida CFO Alex Sink today returned a check for $30,000 in unclaimed property to an 80-year-old senior Orlando resident and also previewed items to be sold at her Bureau of Unclaimed Property’s annual auction happening tomorrow. The auction, an annual sale of unclaimed safe deposit box contents turned over to the state, is open to the public and begins at 10 a.m. tomorrow morning at the Florida Hotel and Conference Center at the Florida Mall. 
 
“The opportunity to return this $30,000 to its rightful owner today is a perfect example of why all Floridians should visit FLTreasureHunt.org to see what property they may have waiting. We’ve collected a record high amount of unclaimed property in the past year, and even if Floridians have visited the site before, it’s always worth checking again,” said CFO Sink.  “I’m also looking forward to serving as the guest auctioneer at tomorrow’s auction, and encourage people to come out today to preview the great items that they can bid on!”
 
At the auction, more than 40,000 individual items with a minimum reserve value in excess of $600,000, including jewelry, watches, and rare coins will be sold.  Featured items include a 52-ounce, 22K gold finger bar from a shipwreck; a platinum necklace with 214 diamonds totaling 28 carats; an 18K Rolex “Daytona” men’s watch; and a platinum ring with a 6.6 carat, flawless diamond.  A free catalog, along with details about the auction, is available at www.FLTreasureHunt.org. Participation in the auction is open to the public, but requires registration and a refundable $100 deposit. 
Unclaimed money is deposited into the state school fund, where it is used for public education. There is, however, no statute of limitations, and citizens have the right to claim their property any time at no cost.
 
In the past year alone, CFO Sink’s Florida Bureau of Unclaimed Property has reunited citizens with more than $188 million, the largest amount in state history. During Alex Sink’s tenure as CFO, the Bureau of Unclaimed Property has seen record returns, reuniting owners, heirs and businesses with more than one-third of all money returned since the beginning of the program, due largely to aggressive efforts to contact owners.  Since the program’s inception 48 years ago, the Bureau of Unclaimed Property has successfully reunited owners or relatives of deceased owners with more than $1.6 billion in unclaimed property held in Florida.
 
The Bureau of Unclaimed Property is currently holding 9 million accounts, mostly from dormant accounts in financial institutions, unclaimed utility deposits, insurance benefits, premium refunds, uncashed checks and trust accounts.  It also holds watches, jewelry, coins, stamps and historical items from abandoned safe deposit boxes. Unclaimed property can be claimed for free at any time by the rightful owners or heirs by logging on to www.FLTreasureHunt.org or by calling the Bureau at 1-88-VALUABLE.
 
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