Latest / Chuck Douglas / Unclaimed funds are your calls

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Unclaimed funds are your calls · Chuck Douglas

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Speaker 1: Talking right now about these unclaim funds the state of Ohio,
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Speaker 1: and we are the state of Ohio. You me, even
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Speaker 1: Zach are the state of Ohio. The story on the
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Speaker 1: WSYX six website says the attorneys representing the state of
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Speaker 1: Ohio or asking for this suit to be thrown out
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Speaker 1: over the claim funds. I have a problem with that
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Speaker 1: very first sentence, because if we are Ohio, I'm not
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Speaker 1: in agreement with this, and I find myself amazingly unfortunately
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Speaker 1: in some aspects in agreement with Mark Dan. Mark Dan,
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Speaker 1: who is He's representing the other side of the argument here,
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Speaker 1: saying that those funds should not be seized by the
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Speaker 1: state of Ohio and use two fund things like the
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Speaker 1: Cleveland Browns new stadium. One point seven billion dollars in
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Speaker 1: the unclaim funds. They want to give six hundred million
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Speaker 1: of it to the Browns to build a new stadium.
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Speaker 1: The rules changed until this all came up. And I
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Speaker 1: said back then, when it came up, when it was
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Speaker 1: suggested that the State of Ohio do this, I went in.
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Speaker 1: I read the text establish wishing the unclaimed funds, and
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Speaker 1: it had no end on it. The funds were to
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Speaker 1: be kept there indefinitely now beginning in twenty twenty five
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Speaker 1: this past year, they said, okay, well now it'll be
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Speaker 1: ten years. So my question is, would that be ten
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Speaker 1: years from the time that this became law, or ten
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Speaker 1: years from the time that this is finalized in the
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Speaker 1: court process, or ten years from the time that the
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Speaker 1: state took custody of the money from wherever the money
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Speaker 1: came from. That needs to be clarified as well. It's
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Speaker 1: not the state's money. It's that clear. There's no argument
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Speaker 1: it's not theirs. Just because they compelled your stock brokerage
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Speaker 1: or your real estate brokerage, or or your bank, or
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Speaker 1: your landlord or whoever to turn over money that you
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Speaker 1: failed to pick up from them, they forced them to
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Speaker 1: put it in the state's unclaim funds for safe keeping,
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Speaker 1: doesn't make it their money. And yes, of course you're
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Speaker 1: welcome to disagree with me, debate, discussion, disagreement, all good
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Speaker 1: as long as it's respectful. That's all. I asked A
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Speaker 1: two one nine eighty six A two one WTV in
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Speaker 1: tim You're on the Legacy Retirement Group dot com phone line?
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Speaker 2: Ty, Hi, How you doing fun? Subject anyway? Just two
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Speaker 2: quick things with the unclaimed fun stuff. It can get
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Speaker 2: really weird when you try to claim them. I tried
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Speaker 2: to claim some here a couple of years ago, but
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Speaker 2: it was from an unclaimed funds from a different state
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Speaker 2: because the company that did business was with a different state.
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Speaker 2: So somehow it got to Ohio, and then I tried
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Speaker 2: to claim them. And as I tried to claim them,
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Speaker 2: I had proof of revendency that I had like fifteen
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Speaker 2: years ago.
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Speaker 1: I got to prove it from nineteen to.
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Speaker 2: Ninety copy of paperwork and go back and forth between
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Speaker 2: two states, which that was crazy. And the second comment
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Speaker 2: here is for the state of Ohio, what all the
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Speaker 2: databases and information anymore? Anybody they think have unclaimed funds
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Speaker 2: in there, they can most likely track us down, send
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Speaker 2: us a letter, and then prove something and say here
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Speaker 2: and then send them money to us.
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Speaker 1: They know more about who you are than you do.
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Speaker 1: They know where they live everything else. But you have
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Speaker 1: to prove that. Like me, I said, I got a
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Speaker 1: house that I built back in nineteen ninety five, I
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Speaker 1: have to prove that that was indeed my address and
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Speaker 1: my mortgage in nineteen ninety five. Yeah, yeah, I've got it.
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Speaker 2: Sometimes, Yeah, it gets hard and the other thing about it,
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Speaker 2: I don't know if the state wants to do it.
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Speaker 2: Put it in an interest bearing account, keep it for pruduity,
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Speaker 2: and take that interest that they make on it, and
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Speaker 2: somehow put it back into the state to reduce for
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Speaker 2: taxes and our expenses because we're the public paying for
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Speaker 2: it anyway, not a bad idea to it just gets
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Speaker 2: crazy what happens with these funds. I've been around the
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Speaker 2: block with them just a couple of times to collect
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Speaker 2: like four hundred dollars and it took me up like
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Speaker 2: six months. Well keep checking me more money, more money
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Speaker 2: in my working hour paid than it did to get
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Speaker 2: the money back there.
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Speaker 1: You go. You know, every checking though, because if something
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Speaker 1: else pops up on there, you want to grab it
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Speaker 1: before they find something else to do with it. You
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Speaker 1: don't want to give it away to them. And you know,
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Speaker 1: the Browns can raise their own money. And I'm not
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Speaker 1: against the Cleveland Browns, by the way, well unless they're
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Speaker 1: playing the Bengals. It's not a matter of being against
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Speaker 1: the Cleveland Browns or Haslam. I mean, he brought the
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Speaker 1: the crew some serious prominence around here when he bought them.
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Speaker 1: It's this is just about logic and reality. When you
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Speaker 1: are part of this, this industry, this NFL, that is
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Speaker 1: making billions and billions and billions of dollars, you you
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Speaker 1: don't need. Look, are you gonna get the taxpayers a
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Speaker 1: break on seats? No, you're gonna charge full price for
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Speaker 1: the seats in the new stadium, and you're going to
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Speaker 1: charge them eighteen dollars for a small beer and ten
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Speaker 1: bucks for a hot dog. That's like giving you a
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Speaker 1: stick to beat me with.
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Speaker 3: Man, could you imagine the faces of the people who
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Speaker 3: are trying to do this if you said, all right,
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Speaker 3: we'll give you the unclaim funds. Once you make a
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Speaker 3: certain amount of profit, you have to give back everybody's
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Speaker 3: unclaim funds with a percentage of you know, because you're
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Speaker 3: borrowing the money, you're taking the money.
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Speaker 1: Yeah, Now, if you wanted to, if you wanted to
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Speaker 1: use it as a loan, an interest bearing loan, there's
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Speaker 1: a conversation we might.
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Speaker 3: Have maybe, but they're still not going to.
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Speaker 1: But just to gift the money to them because you
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Speaker 1: want to stimulate the economy in the state of Ohio
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Speaker 1: with a new football stadium. No, I write, I can't
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Speaker 1: go along with that. A two one nine and eighty
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Speaker 1: six time you're on six ten Doable ETV and Hi.
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Speaker 4: Hey, how you doing. Uh yeah, I think it's kind
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Speaker 4: of fishy how money shows up in the unclaimed funds
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Speaker 4: category to begin with, because I was on disability. When
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Speaker 4: I was I had a job working and I had
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Speaker 4: short term long term disability, broke my leg and I
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Speaker 4: collected insurance for my lost paycheck, so the insurance company
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Speaker 4: was sending me money to my house in my check account,
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Speaker 4: so on and so forth. But then when I reported
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Speaker 4: to a company that I can go back to work
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Speaker 4: in the insurance company, you know, the unclaim or the
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Speaker 4: insurance money quit and so on and so forth. But
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Speaker 4: several years later I checked the unclaimed funds and there
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Speaker 4: was money in there for my disability insurance company that
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Speaker 4: sent it there for unclaimed funds, And it was like, okay,
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Speaker 4: well I don't understand how that got there.
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Speaker 1: Did you get it?
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Speaker 4: Yeah?
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Speaker 1: I got good, good.
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Speaker 2: For you, but you know, it was like six hundred bucks.
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Speaker 4: And you know, it was like, you're sending me money
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Speaker 4: every week for my paycheck because I'm disabled, you know,
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Speaker 4: blah blah blah. And then you know I'm not disabled.
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Speaker 4: I go back to work and you keep my last
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Speaker 4: paycheck and you send it to unclaimed funds.
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Speaker 1: Well, see, that's and that's one of my problems, tom
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Speaker 1: is is the fact that the state makes them. If
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Speaker 1: you went back to work and the insurance company said, well,
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Speaker 1: we've got to pay out here for him, but he's
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Speaker 1: back to work, so we can't technically give him a
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Speaker 1: disability payment, so we have to give it to unclaimed
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Speaker 1: funds because that's what the state says we have to do.
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Speaker 1: Then that money sits there. And if the state, if
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Speaker 1: the state is going to force your insurance company or
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Speaker 1: in my case, you know, I've got a mortgage over
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Speaker 1: payment from nineteen ninety five, and I got a few
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Speaker 1: shares of stock I had as an employee of a
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Speaker 1: company many like twenty five thirty years ago that are
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Speaker 1: sitting in there that I didn't even think about. But
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Speaker 1: the state says, you have to give us those funds.
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Speaker 1: So they're they're taking the money and then deciding what
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Speaker 1: to do with the money. But it's not their money.
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Speaker 4: You're right, it's government at its finest.
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Speaker 1: I always, I always hope for better for my own state,
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Speaker 1: but sometimes time we don't get that. Good for you
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Speaker 1: getting back to work and feeling better, though, Buddy, I
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Speaker 1: appreciate the call. It's just it's it's one of these
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Speaker 1: things where I just the common sense element here. It's
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Speaker 1: just common sense. I'm not a great legal mind. I'm
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Speaker 1: just an average guy and the common sense argument seems
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Speaker 1: unbeatable here. If it's not yours, you don't get to
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Speaker 1: give it away, you don't get to use it. It's
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Speaker 1: not yours. Even if you abandon a car on a
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Speaker 1: street and the police tow it to the towyard, there's
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Speaker 1: still a process. If you never go claim that car.
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Speaker 1: They got to publish and then they've got an auction
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Speaker 1: and verify, vend and all this stuff. There's a process.
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Speaker 1: You don't just get to take it and say it's
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Speaker 1: mine now and I'm giving it away. And that's what
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Speaker 1: the State of Ohio is doing. And to ask that
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Speaker 1: the suit be thrown out of court, that's insult to injury.
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Speaker 1: You're telling me that in the great State of Ohio,
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Speaker 1: we don't even want to allow our judicial system to
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Speaker 1: do what it exists to do, which is to interpret
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Speaker 1: the laws and dispense justice. You're so arrogant in your opinion.
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Speaker 1: State of Ohio. Whoever is giving the orders that you
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Speaker 1: don't even want the courts to hear the case and
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Speaker 1: decide on behalf of the people of the state of Ohio.
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Speaker 1: What's right and what's wrong here? Man? That's conceited? Really
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Speaker 1: is before I go A Dominion high school locked down
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Speaker 1: today because they found a gun in the student's locker.
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Speaker 1: There's a warrant for the students of the rest. Of course,
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Speaker 1: the student is innate. Dominion used to be like a
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Speaker 1: high end school. They tried to get me in there
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Speaker 1: for junior high school back in like nineteen seventy six,
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Speaker 1: I think it was, but I didn't make the cut
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Speaker 1: in the lottery. My guidance counselor wanted me to go
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Speaker 1: there because they were They called it a gifted, gifted
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Speaker 1: and talented school or something like that. Village of Butler, Ohio.
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Speaker 1: The mayor has resigned. In case you didn't hear this, Zach.
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Speaker 1: What is the definition the dictionary definition of the word voyeurism.
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Speaker 3: The Merion Webster Dictionary of Voyeurism is the practice of
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Speaker 3: obtaining sexual gratification from observing others.
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Speaker 1: From observing others, maybe under the law. The word voyeurism
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Speaker 1: has a different meaning. The mayor of Butler, Ohio small
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Speaker 1: town Butler, Ohio, Wesley Dingis, has issued his resignation. He's
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Speaker 1: accused of doing some pretty raunchy stuff, but I don't
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Speaker 1: see where it fits the definition of voyeurism. The letter
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Speaker 1: that he wrote said effective immediately, I Wesley Dingas resign
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Speaker 1: as Village of Butler mayor. Not under stress, but under duress.
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Speaker 1: And what he's accused of is ridiculous and disgusting, but
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Speaker 1: I don't think it fits voyeurism. And there are so
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Speaker 1: many unanswered questions like how did he get in the
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Speaker 1: house in the first place, But that's we don't know
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Speaker 1: that yet. Can I get Bill all before I have
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Speaker 1: to go?
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Speaker 5: Yeah?
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Speaker 1: You got a minute? All right, we'll get to Bill
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Speaker 1: on here. Bill, we got about a minute left. You're
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Speaker 1: on sixth n wtvn.
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Speaker 5: Okay. So if you were to make a list of
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Speaker 5: things to use that unclaiming funds for, how far down
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Speaker 5: the list would.
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Speaker 1: A large corporation like the Browns be where it would
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Speaker 1: be one notch below that?
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Speaker 2: Yeah?
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Speaker 5: So I think the whole thing is ridiculous and the
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Speaker 5: whoever sponsored that that whole bill should be ashamed of
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Speaker 5: the cells and it should be embarrassing and embarrassment to
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Speaker 5: the state.
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Speaker 1: It's definitely an embarrassment to me. And at this point,
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Speaker 1: I don't even know who the state is. Bill. That's
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Speaker 1: another offensive part of this. The state has instructed their lawyers.
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Speaker 1: Who's the state? I want to know who is given
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Speaker 1: the orders to these lawyers. That's a legitimate question. I'm
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Speaker 1: a voter, I'm a taxpayer, I'm a citizen. I should
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Speaker 1: know who's doing it.
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Speaker 5: And shouldn't be shouldn't that be the state attorney general
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Speaker 5: representing the state instead of some outside lawyers.
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Speaker 1: Again, excellent point, Bill. Maybe we'll we'll ask the attorney general.
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Speaker 1: He's been kind of invisible lately, but maybe we get
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Speaker 1: some input from our attorney general. I appreciate your thoughts
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Speaker 1: and the call, my friend, thank you very much, and
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Speaker 1: having a wonderful evening. As the music is playing, it
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Speaker 1: is indeed time for me to fly.