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May 25, 2012

For Immediate Release

Treasurer Returns $5,000 in Unclaimed Property at Speed Street
National Multiple Sclerosis Society to use funds to help prevent and treat disease

CHARLOTTE – State Treasurer Janet Cowell returned more than $5,000 in unclaimed property to the National Multiple Sclerosis Society at the Food Lion Speed Street Festival on Friday, May 25. NC Cash, the Department of State Treasurer’s Unclaimed Property program, has a booth at the festival where attendees can search their names to see if cash is owed to them.

“I’m very pleased to be able to return money to such a worthy cause,” Cowell said. “I always enjoy returning unclaimed property to its rightful owners, but I enjoy it even more when I know that the funds are being used to help find a cure for an illness that affects millions of people worldwide.”

Steve Ottavianelli, ambassador for the society, accepted the check on its behalf.

Cowell also encouraged attendees to stop by the NC Cash booth and see if their name shows up among approximately one million unclaimed properties currently being held by the Department.

“We always enjoy participating in Race Week, which is one of our best opportunities to return unclaimed cash to North Carolina citizens,” Cowell said. “We gave back over $48 million during the last year alone. With $400 million in lost property, there is a one in four chance that money could be owed to you.”
 
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Unclaimed Property Program:
Unclaimed property consists of bank accounts, wages, utility deposits, stocks, bonds, and other property types that have been abandoned due to a loss of communication or oversight. The Unclaimed Property Division of the N.C. Department of State Treasurer returned more than $44 million in unclaimed cash in 2011. North Carolinians can search for unclaimed property at www.nccash.com

National Multiple Sclerosis Society:
The National Multiple Sclerosis Society helps each person address the challenges of living with MS through a 50-state network of chapters. The society helps people affected by MS by funding cutting-edge research, driving change through advocacy, facilitating professional education, and providing programs and services that help people with MS and their families move their lives forward. For more information, visit www.nationalmssociety.org.