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News-Sentinel.com Your Town. Your Voice.

Hoosier property scam reported

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.The Associated Press
Friday, August 04, 2017 02:27 pm

Attorney General Curtis Hill issued a warning to Hoosiers to verify the legitimacy of offers that claim they have unclaimed property held by the state because potential scams exist to defraud claimants.

Scammers send legitimate-looking letters or emails and make professional-sounding phone calls. They claim there are hundreds of dollars in unclaimed property under the victim's name. However, these letters ask for personal information and credit card number as payment for finding a property that doesn't exist.

Unclaimed property is cash or other financial assets belonging to individuals or businesses — such as payroll refunds; security and savings accounts; insurance payments; and death benefits. When businesses fail to find the owners of accounts, perhaps because of a move or name change, they are required after a certain period of time to turn over that unclaimed money to the state. The state then holds the unclaimed property as efforts are made to return it to rightful owners.

Hoosiers may verify a claim by searching by name at IndianaUnclaimed.com or by calling 1-866-462-5246.

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