New York Owes $20 Billion in Lost Cash. An Upstart Challenger Says…

New York Owes $20 Billion in Lost Cash. An Upstart Challenger Says…

The New York state government is sitting on $20 billion of the public’s money, and an upstart challenger wants to give it all back. Banks, insurers, and other companies often owe money to customers from inactive accounts, uncashed checks, security deposits, and other sources. If they don’t return it directly, they eventually have to hand it over to the state comptroller’s office, which takes over the job of getting the money back to its rightful…