Welcome Guest
Log In | Register )
You last visited December 10, 2016, 3:19 pm
All times shown are
Eastern Time (GMT-5:00)

Almost-millionaire on a 15-year political pilgrimage

Topic closed. 95 replies. Last post 5 years ago by rdgrnr.

Page 7 of 7
51
PrintE-mailLink
Avatar
New Member

United States
Member #113987
July 21, 2011
9 Posts
Offline
Posted: March 23, 2012, 1:44 pm - IP Logged

"We may have something that belongs to you!" 

Amendment follows:  "and we're keeping it!"

Respects and Regards to You, O Great Oracle!

    time*treat's avatar - radar

    United States
    Member #13130
    March 30, 2005
    2171 Posts
    Offline
    Posted: March 23, 2012, 1:51 pm - IP Logged

    Good question. Banks don't confiscate your balance if you don't withdraw it in a year, why should government? 

    Let 'em leave it sit and keep the interest until it's picked up.

    Banks do their graft through various fees.

    California is notorious for selling the contents of (not-so) safety deposit boxes if the owner hasn't visited in a while.

    Here's the text version --> http://abcnews.go.com/print?id=4832471

    In neo-conned Amerika, bank robs you.
    Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

      Cletu$2's avatar - Lottery-050.jpg
      S.E.Iowa
      United States
      Member #120504
      December 21, 2011
      534 Posts
      Offline
      Posted: March 23, 2012, 2:56 pm - IP Logged

      According to the Connecticut Office of State Treasure, Unclaimed Property Division:

          What is Unclaimed Property?   

      We may have something that belongs to you! In Connecticut, the Office of State Treasurer collects and safeguards money and other valuables which have been unclaimed by Connecticut residents for a specific period of time, generally three to five years.  Unclaimed assets include, but are not limited to: savings or checking accounts, un-cashed checks, deposits, stocks, bonds or mutual fund shares, travelers' checks or money orders and life insurance policies. Rightful owners or their heirs always have the right to claim funds held by the Treasury. There is no time limit for you to claim this money.

      In accordance with state law, the assets are transferred to the Treasurer by entities such as banks, insurance companies, stock transfer agents, utilities, hospitals, retail, manufacturing and service companies following a loss of contact with the owners of record. Specific forms and instructions are provided by the Unclaimed Property Division each year for businesses to file unclaimed property. Such assets must be reported and remitted within 90 days following the close of each calendar year. These assets are held in the custody of the Treasurer until claimants come forward or are located.

      (search: unclaimed property connecticut)

      "In Connecticut, the Office of State Treasurer collects and safeguards money and other valuables which have been unclaimed by Connecticut residents."
      Certainly the amount of money in a lottery jackpot prize fund, or any annuity purchased with those funds,  would be included under the description money and other valuables.

      "In accordance with state law, the assets are transferred to the Treasurer by entities such as banks, insurance companies, . . . (etc.)"
      Wouldn't the Connecticut State Lottery would be included among such entities?

      "These assets are held in the custody of the Treasurer until claimants come forward or are located."
        I haven't read that there was any dispute that Mr. Jackson did possess and came forward with the winning ticket.

      In the above information there does seem to be some confusing statements here as to the time period to make a claim:
      "In Connecticut, the Office of State Treasurer collects and safeguards money and other valuables which have been unclaimed by Connecticut residents for a specific period of time, generally three to five years."
      Also:
      "Rightful owners or their heirs always have the right to claim funds held by the Treasury. There is no time limit for you to claim this money."
      And:
      "These assets are held in the custody of the Treasurer until claimants come forward or are located."

      If this, or similar policy was in effect fifteen years ago then Mr. Jackson should have been allowed to claim the money at that time.

      "Rightful owners or their heirs always have the right to claim funds held by the Treasury. There is no time limit for you to claim this money."
      If truly there is no time limit, then he should be allowed to claim the money even now.

      On one hand the CT Lottery states a deadline for claiming lottery winnings. On the other, the state of Connecticut also has policies regarding unclaimed property. I would like to believe that Mr. Jackson and his lawyers were/are aware of these policies. If so it would be interesting to know the state's response and reasoning was if Mr. Jackson presented himself as the rightful owner of unclaimed property under such policies.

      Unless the definition of Unclaimed Property in the state of Connecticut somehow excludes/exempts unclaimed lottery winnings?

      "We may have something that belongs to you!" 

      Yes, indeed!

      He DID NOT claim the LOTTERY money in the time limit prescribed by law,therefore the money was NOT turned into the states UNCLAIMED PROPERTY division.THEREFORE THE STATE CORRECTLY SAID "YOU SNOOZE,YOU LOSE".Why is it so darn hard for liberals to comprehend this?They have RULES and the lottery players know those rules (or they should).RULES ARE FOR EVERYONE TO FOLLOW. E-V-E-R-Y-O-N-E-,no exceptions for being three days late in trying to collect!SHEESE!

      When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow

      There ought to be one day - just one - when there is open season on senators. ~Will Rogers

        haymaker's avatar - Lottery-012.jpg
        Egg Harbor twp.south Jersey shore
        United States
        Member #112968
        June 29, 2011
        3856 Posts
        Offline
        Posted: March 23, 2012, 3:27 pm - IP Logged

        He DID NOT claim the LOTTERY money in the time limit prescribed by law,therefore the money was NOT turned into the states UNCLAIMED PROPERTY division.THEREFORE THE STATE CORRECTLY SAID "YOU SNOOZE,YOU LOSE".Why is it so darn hard for liberals to comprehend this?They have RULES and the lottery players know those rules (or they should).RULES ARE FOR EVERYONE TO FOLLOW. E-V-E-R-Y-O-N-E-,no exceptions for being three days late in trying to collect!SHEESE!

        yea, i was thinkin along the same lines,not really his property til. the claim is complete.

        you said it better than i could have.

        Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

          Cletu$2's avatar - Lottery-050.jpg
          S.E.Iowa
          United States
          Member #120504
          December 21, 2011
          534 Posts
          Offline
          Posted: March 23, 2012, 4:02 pm - IP Logged

          yea, i was thinkin along the same lines,not really his property til. the claim is complete.

          you said it better than i could have.

          Yeah,you couldn't make some people happy if you hung 'em with a new rope.

          Liberals are always looking for free ride.

          When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow

          There ought to be one day - just one - when there is open season on senators. ~Will Rogers

            rdgrnr's avatar - walt
            Way back up in them dadgum hills, son!
            United States
            Member #73904
            April 28, 2009
            14903 Posts
            Offline
            Posted: March 23, 2012, 11:15 pm - IP Logged

            Banks do their graft through various fees.

            California is notorious for selling the contents of (not-so) safety deposit boxes if the owner hasn't visited in a while.

            Here's the text version --> http://abcnews.go.com/print?id=4832471

            Wow, that was an eye-opener.

            No safety deposit boxes for me. And to think selling people's safety deposit box contents is the third-highest source of income for Delaware.

            What a bunch of thieves.

            Thanks tt.


                                                         
                                 
                                                     

             

             

             

             

                                                                                                               

            "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                        --Edmund Burke