Rep. Jerry O'Connor retweetledi

I am pleased the governor has signed into law my bill that focuses on preventing fraudulent activity within the Wisconsin Unclaimed Property system.
Since 1970, the state has been statutorily required to hold on to abandoned or forgotten financial assets until they can be recovered by their rightful owners. This includes funds from checking and savings accounts, uncashed dividends, insurance policies or other accounts.
However, we have never had any guardrails in place that would help deter unclaimed property fraud.
That is, until now.
Wisconsin Act 112, which I authored with Rep. Jerry O’Connor, imposes criminal charges and civil penalties on individuals who try to defraud the Unclaimed Property program.
By finally holding these fraudsters accountable, we will be able to better protect our residents from being swindled out of their hard-earned money.

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