abc
QUICK LINKS:

Minnesota Holding onto $606M in Unclaimed Assets

Updated: 08/31/2014 1:17 PM
Created: 08/31/2014 1:14 PM KSTP.com

The state of Minnesota is making little effort to return unclaimed money to more than 50,000 residents, including a U.S. senator, rock star and state commissioner.
    
A Star Tribune report says the state Department of Commerce is holding onto $606 million in unclaimed assets.
    
The stash includes funds from dormant bank accounts and safe-deposit boxes. It also includes untouched death benefits and stock shares.
    
U.S. Sen. Amy Klobuchar says she wasn't aware the state had some of her cash, listed as over $100. Rock star Prince and state Human Services Commissioner Lucinda Jesson are also in the state database.
    
Commerce spokeswoman Emily Johnson Piper says the state doesn't actively track people down. It no longer notifies people by letter but it does link to a searchable website (missingmoney.com).

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Photo: KSTP/File

Wind Chill Advisory

MN AREAS AFFECTED: Benton; Chisago; Isanti; Kanabec; Meeker; Mille Lacs; Morrison; Sherburne; Stearns; Todd; Wright
Expires: 3/4/2015 9:00 AM

Minneapolis/St. Paul

Few Clouds
13°
30° | -1°
  • Feels like: -6° F
  • Wind: WNW 22mph
  • Humidity: 65%
  • Wed Mix of sun and clouds
    9° | -6°
  • Thu Abundant sunshine
    17° | 12°
  • Fri Partly cloudy
    37° | 17°
  • Sat Plenty of sun
    34° | 18°

Video

KSTP NEWS