State comptroller: $400M in unclaimed funds in Brooklyn

BROOKLYN - The New York State Comptroller's Office is encouraging Brooklyn residents and businesses to recover what they say is nearly $400 million in unclaimed funds throughout the borough.

Government officials say there are billions of dollars in funds that institutions such as banks and insurance companies are required by state law to surrender from inactive accounts.

Officials say many residents may not even know they have money to claim and say everyone should be checking to see what they are owed.

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