MADISON, Wis. (WSAU) -- The State of Wisconsin is having trouble returning unclaimed property to people they cannot locate. What’s hard to believe is that some of the people shouldn’t be hard to find at all.
State laws require inactive bank accounts to be yielded to the state if the account has been inactive over five years and the bank can’t find the owner.
The Wisconsin State Journal newspaper went through the state’s database of unclaimed property owners. They found the financial institutions could not track down Brett and Deanna Favre. The former Packer’s quarterback and his wife have a total less than $1,000 coming from AT&T and J.P. Morgan Chase Bank. Associated Bank, which is a major sponsor of the Green Bay Packers was unable to find the Green Bay Packers to return just over $1,400 to them. The Packers also have about $1,000 coming to them from United Health Care, which failed to locate them.
Three of Wisconsin’s billionaires were also hard for organizations to find, so small amounts were sent to the state’s unclaimed property list. Home improvements businessman John Menard Jr. from Eau Claire, plumbing products producer Herbert Kohler Jr., and food products businessman James Cargill II all have small amounts of money waiting for them to claim.