UNCLAIMED PROPERTY RETURNED WV Treasurer Returns Unclaimed Money
Reported by: Katy Brown
Videographer: Katy Brown
Web Producer: Jeff Morris
Reported: Dec. 7, 2012 4:49 PM EST
Updated: Dec. 7, 2012 5:17 PM EST
EYEWITNESS ONLINE WEBCAST VIDEO C L I C K T O P L A Y
Charleston
, Kanawha County
, West Virginia
Millions of dollars in West Virginia go unclaimed each year.
But Friday afternoon, State Treasurer John Perdue was able to give some of that back.
"This is the perfect time, Christmastime, to be able to return someone some money," Perdue said.
And that's exactly what Perdue did. He gave Bill Ramsey of Clarksburg $25,000 that was rightfully his, but had gone unclaimed.
"I didn't expect this," Ramsey said. "I thought maybe a couple hundred dollars or so, but to get thousands is something else."
So how did Ramsey rack up so much unclaimed money?
"Not opening all the mail. You know, thinking it might be junk mail and laying it aside. Moved several times and each time you leave that," he said
Perdue said unclaimed property is pretty common. People throughout the state leave money unclaimed every year -- millions of dollars the state has to return.
"We average somewhere between $5 million and $7 million in returns every year. It continues to grow," Perdue said.
And now Ramsey has a growing holiday shopping budget, and Perdue has done his job.
"When we're able to return money, that puts a smile on, as you can see everyone's face that they're getting something back," Perdue said.
To see if you have any unclaimed property, you can visit the treasurer's site at www.wvsto.com.
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Katy Brown
