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NC treasurer returns unclaimed $6,000 to Cary man

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RALEIGH, NC (AP) -- State Treasurer Janet Cowell has given a Cary man an unclaimed property check for $6,000 at the NC State Fair.

Cowell was at the State Fair on Friday to return unclaimed property to its rightful owners.

Cary resident Bill Hulbert found the money he had coming to him after searching the NC Cash website. He said it took him less than 30 seconds to determine there was money waiting for him.

Residents have lost nearly $400 million over the years. The money is deposited in the state's unclaimed property program.

The fund collects long-forgotten cash from insurance policies, checking accounts and utility deposits. The money is waiting to be claimed, but proceeds from the fund's investments are required by law to go toward scholarships and loans for needy college students.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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