The rich will get richer: New York owes money to Trump, Bezos, Clintons, Madonna and Jay Z

To receive funds, they only need to contact the office of the financial controller of New York (New York state comptroller's office). This publication writes New York Post.

According to notes from Comptroller Tom DiNapoli's office, Comptroller Tom DiNapoli's office, US President Donald Trump, billionaire Jeff Bezos, Bill and Hillary Clinton, New York State Governor Eliot Spitzer and billionaire Mike Bloomberg, New York unclaimed money.

According to these documents, Jay Z, Madonna and Robert DeNiro should also get some money.

What is the reason for this

Unpaid funds are mainly associated with old bank accounts, cashless checks, utility deposits, stocks and insurance money. Firms and government are required to report to the financial controller if these funds are not claimed by the payee.

In accordance with New York law, dollar amounts are kept confidential. Only payees can find out what is due to them when applying for money: they can do it here.

However, as the source noted, these amounts are usually small. DiNapoli’s office controls $ 16 billion in unclaimed funds in 40 million different accounts (an average of $ 400). This year, he returned $ 4,36 million of unclaimed funds.

Who owes and for what state New York

The records show that Pay Pal owes Donald Trump for the “undelivered goods / services” that were addressed to him at Trump Tower 725 Fifth Ave. Debt to Trump was exposed last year.

Dozens of enterprises with obligations to Trump are also included in the list of debt obligations.

For example, in the office of the financial controller there is a “cashless check” from New York for a member of Trump Golf Club, posted in 2019.

The Trump Organization also owes a certain amount from the plumbing firm Ferguson Enterprises for “undeliverable goods and services” registered in 2019.

The White House and the Trump Organization declined to comment on this, the source said.

Amazon owner Jeff Bezos, one of the richest people in the world, has also been awaiting a non-cash check at the state tax department since 2018.

Former U.S. President Bill Clinton is due to receive compensation from Entertainment Partners, announced in 2018, and from the Bank America Card prepaid card in 2012.

Jay Z, under his legal name Sean Carter, should also receive funds from Entertainment Partners.

Hillary Clinton received money from a non-returning gift certificate from Bergdorf Goodman, which was reported in 2017.

Madonna, under the name Madonna Ciccone, must cash the check from the gaming company Screenlife LLC, issued in 2016.

Actor Robert DeNiro is waiting for nine different lists of funds, including a issued check from Warner Brother Studio and the state of California.

There are also a dozen listings for Bloomberg, Bloomberg LP, including non-cash checks from the state.

The controller’s office said that the Trump Organization and Bloomberg LP had already applied for part of the funds.

As noted by the publication, unclaimed funds are common for current or old accounts of political candidates. Some current New York voters have debt. The Albany list includes: New York State Governor Andrew Cuomo, former Governor David Paterson, and State Assembly Speaker Carl Heathy, to whom the Wyndham Hotel will pay money.

The largest lawsuit ever paid by the Comptroller was $ 5,2 million, and the largest current pending lawsuit was over $ 8 million in property.

So what are unclaimed funds

There are many different examples of unclaimed property, including cashless checks, stocks, refunds, and security deposits. After a certain period of time, this money becomes “unclaimed” due to a lack of activity, which usually entails a lack of contact with the owner for a year or more.

By law, unclaimed money must be transferred to the state government. According to the National Association of Unclaimed Property Administrators, more than 3 billion dollars are returned to states each year.

If you regularly look for a trifle in sofas, there is best way to get money. Every tenth American has unclaimed property, which he does not even suspect. In the United States, governments and treasuries own billions of unclaimed dollars, and you can lose your share.