Millions of dollars in unclaimed property are being held by the state of Iowa. The money comes from companies who are unable to track down the rightful owner.
KWWL teamed up with the Iowa State Treasurer's Office to help track down some eastern Iowans who were owed thousands of dollars.
We admit, it sounds like a scam. There are millions of dollars just waiting to be claimed, no strings attached.
Trouble is, people move or their last names change or they pass away and surviving family members are unaware.
Or in the case of one John Deere engineer, he just didn't know about it.
We located the engineer through the Internet and convinced him thousands were waiting for him in money from stocks.
Nosiru Ola has been working for John Deere in Waterloo for three decades, and he's getting a bonus.
When asked what he would do with the money?
"I think I'll just save it," Ola said.
We helped him print off the forms, available online to get him the $4,428 dollars being held in his name.
"You should check the website. You never know, Santa Claus may come early, in April," Ola said.
Another recently retired John Deere employee, Ted Breidenbach, used to live in Cedar Falls.
But we tracked him down in Bettendorf over the phone. He came all the way to Waterloo so we could talk with him and walk him through the claim process.
What does Breidenbach plan to do with the nearly $10,000 he is owed?
"Well, I've decided I'm gonna give away half of it," he said.
Breidenbach plans to donate half of the money he's getting, also from stocks.
"In the past, I've donated to UNI, also St. Stephen the Worker Catholic Church up on the hill in Cedar Falls," Breidenbach said.
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