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Los Angeles Times Reports: States suing federal government for unclaimed war bonds

October 19th, 2009

Yesterday the Los Angeles Times reported on almost $17 Billion in certificates (war bonds) that have not been cashed in. Reportedly six states are suing the Treasury Department saying that the states should get the money and try to at least attempt to find the bondholders and their descendants.

You can read the full press release here: Click Here for Full Press Release

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US treasury faces bonds lawsuit

October 19th, 2009

US treasury faces bonds lawsuit

The US treasury issued the ‘war’ bonds – which have a 40-year maturity period – until 1980

The US federal government is facing a lawsuit over $16bn in unclaimed bonds going back as far as World War II, with six states arguing that the US treasury department should pay them out.

Thousands of families bought at least one bond from the federal government during the US campaign against the Axis powers between 1941 and 1945, in order to support the war effort.

Many of those bonds, which were sold after a public campaign saying the money would aid the war effort, were never cashed – due, in part, to them having a 40-year maturity period.

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October 18th, 2009

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When you perform a free trial search on CashUnclaimed.com we display the total dollar amount in unclaimed funds that we show reported by the appropriate government agencies. This does not guarantee that this money is 100% absolutely yours. What it means is that there is that total dollar amount shown by government agencies under your name and common variations of your name at the last time we had the information available to us was reported as unclaimed and is able to have a claim form submitted to be paid that amount. For more information please read our terms of use by clicking the link above.