We invite you to join in the success of the circle of winners above, Who were the beneficiaries of nearly $50 million in recovered assets.
Let us locate your forgotten or abandoned assets, which in most situations is the easy part of the recovery process.
Proving to the agency holding your asset you are the rightful owner is much more challenging!
The following are actual recoveries that required in depth research and tenacity to ensure our research would be accepted by the agency holding the asset. The longer you wait the more difficult it becomes.
Recovery Of Assets
Recovery case 1
E-cyber commerce located over $500.000 in the name of our client whose main office was in Canada. The company had no idea what the funds were for or how funds bearing their name could have ended up in the southern state’s unclaimed property department. Our research found that several years prior they had utilized the address linked to the funds.
An exhaustive search of the company’s history discovered funds had been deposited in a bank for the purchase of a specific amount of shares at a particular price. Multiplying the quantity of shares and the set price we arrived at the precise amount of funds being held. This was supplied to the state agency holding the unclaimed funds.
Outcome-funds returned to our client?
Recovery case 2
We located for our client, a major pharmaceutical company an unclaimed asset with a value in excess of $320,000. Our client could not produce an invoice for the amount or substantiate a reason this amount was due to them. In this scenario we could prove the address and the company name. The agency requested more than just a match of name and address.
It took months of communicating with the company who sent the money to the state agency to finally receive the reason for the check.
The check was the result of an audit by a government agency, requiring refund to company.
Recovery case 3
We were contacted by an individual who had sold his business to another company only to have the. Firm go out of business. This individual’s pension appeared to be lost. He informed me from at the onset of his attempt to obtain his pension via the utilization of two different attorneys with no success other than legal fees. With our guarantee of no fee unless we were able to secure a pension for him. We researched the company he sold to, and concluded he potentially would be able to recover his pension via the (PBGC) Pension Benefit Guarantee Corporation. We communicated with the PBGC on his behalf. Fortunately, he had kept copies of his prior years tax returns, which were provided to PBGC. Final outcome -he received his pension.
Recovery case 4
In recovering unclaimed assets for a major multi-national corporation, we encountered a property being held in the corporation’s name with an address of a private home. The state agency was not impressed by it being in the corporation’s name, but proof of a link between the address and the corporation. This property was sent to the state in 2003 and this was the year 2021. The property value was in excess of $6,400.00. Our research is just as tenacious for this amount as the asset valued over $500,000. Proceeding with the prior knowledge we have gained since 1999 we looked into the history of the company and who was linked to the company and lived at the address of the asset. It is not uncommon for officers or managers to utilize their home address. Our research found a match between an officer of the corporation and their home address. Outcome asset recovered!