By: Diane Benjamin
Illinois Treasurer Michael Frerichs needs new authority to fine any business that sends your money to the State instead of refunding it directly to you.
Years ago we subscribed to the Sunday only Pantagraph. After only getting delivery occasionally I cancelled delivery and requested a refund. I remember being told it would “take awhile” to process.
The Pantagraph didn’t send a check to us, they sent it to the Treasurer’s office as Unclaimed Property. Our address as been the same since 1997, the claim form from the Treasurer’s office has our address correct. The Pantagraph did not even attempt to refund the money to us.
The refund is $6.62. To get it I have to fill out the form and submit documents to the Treasurer’s office including Social Security Number.
I search my Dad’s name, he has TWO “less than $100” in the same situation. Neither party even attempted to return the credit balance to the address listed on the account. It’s much easier to send it to Frerichs and make people jump through hoops to get their money back.
Illinois creates lots of stupid laws, but here’s one they should pass: Require proof a business attempted to return the money to the rightful owner before turning it over to the State. Heavily fine any business that turns over money when a claim proves the address has not changed.
How many extra staff has Frerichs hired to handle claims that should have never been claims?
I would post the proof for the Pantagraph, but it has my husband’s name on the form. Ken Griffin would probably add his name to Richard Irvin’s mailing list and we’d get double the junk. Did you know Griffin has paid $50,000,000 to buy a governor?
I suggest you check the Unclaimed Property site, some business may have scammed you too: https://icash.illinoistreasurer.gov/