main menu page title feature menus content footer
My Florida C F O

CFO's Initiatives

Stay Connected

Follow the
Department of
Financial Services

Sign up for the CFO's
weekly newsletter!

Press Release

News   RSS RSS   Press Office   Archive

CFO Atwater Delivers $27,000 Unclaimed Property Check to Palm Beach County Resident

5/8/2015

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contact:  Ashley Carr
(850) 529 – 4614
 
West Palm Beach, Fla. – This morning, Chief Financial Officer Jeff Atwater hand-delivered an unclaimed property check for more than $27,000 to West Palm Beach resident Michael Weber. This check delivery occurred in concert with the Department of Financial Services’ Bureau of Unclaimed Property returning $1 billion under the leadership of CFO Atwater.
 
“It is a pleasure to reunite Mr. Weber with these funds – funds that rightfully belong to him,” said CFO Atwater. “His story reaffirms the importance of our unclaimed property program and the life-changing moments it can create.”
 
Mr. Weber’s funds derive from a years-old group annuity account. The account exceeded its maturity date and was turned over to the Department as unclaimed. Within 24 hours of arriving in the state’s unclaimed property database, a proactive outreach letter was sent to the last known address for Mr. Weber notifying him that the state may be holding funds in his name. He answered the letter, completed the claim form and after verifying his identity as the correct Michael Weber, the Bureau issued the voucher delivered today by CFO Atwater.
 
While millions of owners have been successfully reunited with their unclaimed property, the bureau currently holds millions of individual accounts waiting to be claimed. These remaining accounts are valued at more than $1 billion. Since its inception in 1961, the Bureau of Unclaimed Property has successfully processed nearly four million individual claims, returning more than $2.5 billion back to Floridians.
# # #
 
Chief Financial Officer Jeff Atwater, a statewide elected official, oversees the Department of Financial Services. CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government, reducing government spending and regulatory burdens that chase away businesses, and providing transparency and accountability in spending. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).