**VIDEO RELEASE** CFO Jimmy Patronis Announces Unclaimed Property Auction in West Palm Beach
For Immediate Release: August 16, 2024 Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842 |
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To watch, please click HERE
WEST PALM BEACH, Fla. - Today, Chief Financial Officer (CFO) Jimmy Patronis announced the Florida Unclaimed Property Auction next weekend in West Palm Beach, with the auction preview beginning on Friday, August 23 at 9 AM EST and the auction beginning on Saturday, August 24 at 9 AM EST. The auction will be held live and in-person at the Embassy Suites by Hilton, 1601 Belvedere Road, West Palm Beach, FL 33406. For more information about the auction and items available, click here. For photos of examples of unclaimed items, please click here.
CFO Jimmy Patronis said, “I’m excited to kick off our unclaimed property auction in West Palm Beach next weekend with some outstanding items to bid on, including a men’s gold ruby and diamond ring and a ladies platinum and diamond Hamilton watch. The proceeds generated by this auction are used to help fund education in Florida, and unclaimed property owners can still claim the value of these items at any time. Since becoming your CFO in 2017, I have returned more than $2.5 billion in unclaimed property back to the pockets of Floridians. An estimated one in five Floridians has unclaimed funds, and I’m encouraging all individuals and business owners to search now for unclaimed property at FLTreasureHunt.gov.”
Unclaimed Property is a financial asset that is unknown, lost, or has been left inactive, unclaimed, or abandoned by its owner. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances, and refunds. Unclaimed property also includes contents from abandoned safe deposit boxes in financial institutions. Unclaimed property assets are held by business or government entities (holders) for a set period of time, usually five years. If the holder is unable to locate, re-establish contact with the owner and return the asset, it is reported and remitted to the Florida Department of Financial Services, Division of Unclaimed Property.
To search for unclaimed property or to claim an account, go online to www.FLTreasureHunt.gov.
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About CFO Jimmy Patronis
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and X (@FLDFS).