Illinois State Treasurer uses the ‘power of the internet’ to help return money

John Landecker

FILE – This Oct. 24, 2016, file photo shows dollar bills in New York. The Federal Reserve released a comprehensive report on U.S. households’ financial health, Wednesday, Sept. 27, 2017, including income and net worth of typical households. (AP Photo/Mark Lennihan, File)

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Common misconception is the “hassle” of receiving it

Michael Frerichs, Illinois State Treasurer, joins John Landecker to discuss Illinois’ I-Cash unclaimed property program. Frerichs says the best part of the job is getting money returned to the rightful owners. A recent example was returning roughly 19 thousand dollars to the Geographic Society of Chicago. “We are fulfilling the wishes of someone no longer with us.” A woman left the funds in her will and the money sat for several years. The woman wanted to leave money to a good organization that supports the city. For more information, visit the website here.

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