Reuniting New Yorkers With Lost Money
New York is a national leader in returning lost money to its rightful owners, last year returning $504 million. State Comptroller DiNapoli currently oversees $19 billion in unclaimed funds for over 51 million account holders until it can be returned to its rightful owners. His Office of Unclaimed Funds returns an average of $1.5 million to New Yorkers each business day and regularly travels the State connecting individuals, organizations and local governments with their lost funds.
Banks, insurance companies, corporations and the courts are among the many organizations required by law to report dormant accounts to the State Comptroller. These organizations must attempt to notify account holders by mail and publish the information in newspapers. Despite these efforts, many funds remain unclaimed and are turned over to the Office of the State Comptroller.
Types of Unclaimed Funds:
Bank Accounts – savings, checking and CDs
Court Funds
Dividends
Estate Proceeds
Insurance Benefits/Policies
Stocks, Bonds, Mutual Funds
Telephone/Utility/Security Deposits Check and see if you,
your family or friends have lost money now! It is free and
easy to claim.
New Yorkers in Need
State Comptroller DiNapoli issued five major reports examining “New Yorkers in Need.” They provide a fact base for understanding the local and demographic variations in need; explaining the implications of lived poverty, food insecurity and housing instability; and making recommendations for bolstering federal safety nets and improving State efforts.
Read the summarized findings and recommendations.
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DiNapoli Audit Finds Hundreds of Millions of Dollars in Medicaid Payments Went to Providers Not Enrolled in the Program
An audit released by State Comptroller DiNapoli found Medicaid managed care organizations made as much as $1.5 billion in improper and questionable payments to providers who did not appear to be enrolled in Medicaid. Generally, under federal and State law providers are supposed to be enrolled, a process that gives DOH assurance that they are equipped and eligible to deliver services.
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Queens Woman Pleads Guilty to Stealing $85,000 in NYS Pension Payments Meant for Her Deceased Father
A 37-year-old Queens woman pleaded guilty to felony grand larceny for stealing nearly $85,000 in New York State pension payments meant for her deceased father, State Comptroller DiNapoli and Albany County District Attorney David Soares announced. The defendant, Deanna Hansen, faces up to 28 months to seven years in prison and will pay full restitution as part of the plea.
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Former West Carthage Housing Authority Executive Director and Mother Pled Guilty for Over $48,000 Theft
State Comptroller DiNapoli, Jefferson County District Attorney Kristyna S. Mills, the U.S. Department of Housing and Urban Development, Office of the Inspector General, and the New York State Police announced the pleas of former West Carthage Housing Authority (WCHA) Executive Director Jan Hoffman for stealing over $48,000 in WCHA funds, and Katherine Pais, Hoffman’s mother and former WCHA consultant, for aiding in and concealing the scheme.
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Municipal Audits
- Village of Airmont – Claims Auditing
- Village of Argyle – Water Billings and Collections
- Town of Byron – Procurement
- Crown Point Fire District – Board Oversight
- Town of Exeter – Town Clerk/Tax Collector
- Town of Exeter – Town Supervisor’s Records and Reports
- City of Yonkers – Budget Review
ALSO IN THE NEWS THIS WEEK
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Post of the Week
Tom DiNapoli @NYSComptroller
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