Maryland Comptroller Franchot Solicits Public To Seek Almost A Billion In Unclaimed Property

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Credit: Chung Sung-Jun/Getty Images

Credit: Chung Sung-Jun/Getty Images

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ANNAPOLIS, Md. (CBSDC) - Maryland comptroller Peter Franchot is pumping out media headlines for offering up the notion of wealth and fortune, all from just checking the morning paper.

Franchot is about to run an advertisement that has become a yearly ritual for him, which lists thousands of names of owners of unclaimed property.

In a press release the comptroller invited people to follow his instructions with heavy imagery, tempting them to “accompany him on an ad­ven­ture beyond your wildest imagination.

Many of the items, which consist of bank accounts, safe deposit boxes, security deposits, wages, and insurance proceeds and benefits, are the result of unclaimed property after the death of a loved one. The comptroller says that people can go years without ever even knowing that their loved one left something for them before departing.

Franchot reminds people that you don’t have to wait for the advertisement to run in the newspaper. You can search for your name right now on the state’s website.

Franchot told Tim Williams of CBS Baltimore, “You have a chance of being hit by lightning two or 3 times in the same day. That’s the equivalent of chance of winning the lottery. This, you don’t even have to buy a ticket. Just go on the site and check it out, and I’ll be you’re going to find somebody you know.”

His agency currently holds over $985 million spread out over 970,000 accounts. He office reinforced that “there is no deadline for collecting”.

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