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Has Your State Stolen Money From You Without You Knowing?

Listeners often call my radio program saying their state stole money from them, or they received a letter warning them of the impending theft.
The lucky ones get a letter.
Jeff Rogatz tells News Journal reporter Jonathon Starkey of his youngest son’s education account, kept at the brokerage firm Charles Schwab. One month, the account held $2,500. The next month, the balance was zero.
Rogatz placed a call to Charles Schwab. A spokeswoman admitted that the firm “escheated” Rogatz’s money to the state.
“I don’t really pay that much attention to the statements. I just happened ...


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