unclaimed property

Chris McDaniel, St. Louis Public Radio

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Missouri residents who have unclaimed property now have the option of donating that property to charity.

State Treasurer Clint Zweifel, who manages the state's unclaimed property division, made that announcement Wednesday at the State Capitol.  He says part of the reason for the new option is that some people are reluctant to reclaim property that's worth only small amounts of money.

Clint Zweifel
(via Missouri State Treasurer's Office)

Missouri State Treasurer Clint Zweifel has issued a warning to Missourians regarding an email scam related to the collection of unclaimed property.

Zweifel has made a point of returning unclaimed property to Missourians recently.

Here are the details of the scam, as described in a release from Zweifel:

kevindooley via Flickr

The Missouri treasurer's office has returned $1.4 million in unclaimed property to a St. Louis area employer.

State Treasurer Clint Zweifel said the returned money is the second largest amount his office has returned from unclaimed property. He did not identify the employer.

The $1.4 million account was made up of more than 260 individual securities accounts. The largest single amount, $1.6 million, was returned in January 2010 to a person in the St. Louis area.

(Office of Missouri State Treasurer Clint Zweifel)

Missouri residents are being urged to find out if they have any unclaimed property being held by the state. Treasurer Clint Zweifel says his office currently holds around $600 million in unclaimed cash and merchandise. The items include World's Fair tickets, bank notes from the early 1800's, and unclaimed war medals.

Two individuals and one business in the St. Louis area are in the money today.

State Treasurer Clint Zweifel announced he has returned $139,000 and $122,000 in unclaimed property.