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April 25, 2007

Maryland's Got Your Money

Costume JewelryMatthew Lesko isn't the only one shouting that the government has millions of dollars for area residents. Maryland Comptroller Peter Franchot may also have cash and treasure for you, though admittedly he doesn't look as good in a question-mark suit.

Today The Capital, Annapolis's local paper, ran an 80-page list of over 75,000 current and former Maryland residents owed money or property by the state. The District also has a list of unclaimed property, though its total value is less 3% of Maryland's. If banks and insurance companies can't find the rightful owners of safe deposit boxes, bank accounts and other funds in three years, the loot is handed over to Maryland's tax office. From there, the state searches records to find owners or their heirs. A spokesman from the comptroller's office said they even bring their list to the state fair.

Frankly, we can't think of a better way to find missing owners of safe deposit boxes than a booth nestled between deep-fried Snickers bars and the season's largest brussel sprout. Oh wait, yes we can. The comptroller's office hosts an easily searchable index of missing property owners. Just type in your first and last name and you're on the way to claiming your missing money. If you're us, this will lead to an hour of trying out the names of everyone you know who's ever lived in the Free State, in the hopes they'll reward you with a tidy commission on their lost money.

Thanks to the miracles of eBay, this bonanza isn't just for rightful owners. Unclaimed property is being auctioned on-line, with the proceeds to be held by Maryland for the missing owners in perpetuity. DCist is eyeing this snazzy panda pendant, but new merchandise if offered every week. So head over to the the list and start claiming your dough; if you didn't leave an uncashed check in a Baltimore bank, maybe your dearly departed Aunt Mabel did.

Photo from the Maryland Comptroller's Office's eBay listing


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