How to Avoid Scams When Recovering Unclaimed Business Assets

Know the common scam patterns

• Impostor outreach: Messages pretending to be from a state treasury or controller, pushing you to act fast.
• Upfront or oversized fees: "Finders" demanding payment before they'll file—or seeking excessive percentages.
• Data grabs: Requests for EIN, bank info, or IDs before you've verified legitimacy.

State associations have warned about fraudulent contact attempts that are not from official programs. Always verify the source on the state's official site or via the NAUPA state map.

Red flags that should stop you cold

• "Limited-time" pressure or threats of "losing your claim."
• Requests for upfront payment just to search or "start paperwork."
• Letters or sites that mimic government branding but use odd URLs.
• No clear fee disclosure, state registration info, or real contract terms.

Safe ways to recover your company's funds

• Use official channels: Search your legal/trade names on each state's official unclaimed-property site (find links via NAUPA).
• Verify third parties: If approached, confirm registration (where applicable) and get fees in writing.
• No pay-to-search: State searches are free; avoid anyone asking you to pay to locate money.
• Keep your own records: Track property IDs, amounts, dates, and claim status internally.
• Consider a registered CDR: Optional—but useful for multi-state or complex claims. Ask for registration and clear fee disclosures.

Quick verification before you proceed

1. Confirm the state site URL via NAUPA's official map.
2. Search your entity; note property IDs and the state holder.
3. Review the state's documentation list before you upload anything.
4. Retain claim confirmations and correspondence in your records.