After interviewing Rob McCord, Lesko found the above missing money for his mother-in-law at www.missingmoney.org. Below is the money that was found with just a few clicks.
Interview Highlights:
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He is a directly elected state treasurer-only half of state treasurers in U.S. are elected.
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He is a different party than the current governor.
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Pennsylvania has a 1.3 million democrat majority.
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He is a fiscal watch dog, the chief investment officer and CEO of a 420 people operation.
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He runs programs that are designed to increase the economic security of Pennsylvanians.
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The money they make from things like Unclaimed Property programs pays for the budget of the their entire office a few times over.
Unclaimed Property Program:
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It is about 60-70 year old program.
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They have a couple of Billion dollars of unclaimed property.
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You can go to MissingMoney.org and find your missing money in any state.
They also have a lot of abandoned property-you can have abandoned property without knowing it.
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It can be insurance value, uncollected last paychecks, escrow accounts, security deposits, gift cards, etc..
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They have $8.6 million in unclaimed gift cards.
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Almost every year since he has been in office he has been able to find missing money for himself.
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About 1 in 10 Pennsylvanians have money waiting for them.
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The average claim is about $1,200.
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Pennsylvania has about $2 billion waiting to be claimed and the country as a whole has about $33 billion.
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Their office cost the state about $33 million but generates about $115 million in positive income for the state budget just through Unclaimed Property alone.
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They auction off unclaimed real property (stuff) on eBay.
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There are companies that will do this search for you and legally charge you up to 15% of what they find (but you can do this yourself with a few mouse clicks).
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Their main job is to invest the state money in security investments.
College Money: They have a program to help save for a college education in tax free saving program; you can use this for your own education also: http://www.pa529.com/ See Bankrate.com for programs in other states