Mass. holds $4B in public’s lost money; why is it keeping more than it returns?

More than 25 years ago, a $20,000 check from the state to the New North Citizens’ Council, a community nonprofit, went uncashed.

Time passed. The money became part of the state’s unclaimed property division, a department that’s like the island of misfit toys of money, taking in orphaned funds from banks and other entities and holding them until they are claimed…

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