raunchypants

Someone i know works for unclaimed property in the department of commerce. many people call in saying that their bank sent their money (usually from retirement accounts) to unclaimed property because of inactivity (even though they're retirement accounts whoch arent supposed to be active) but some people calling in make sure to actively check their account and what not. The bank apparently sends letters that alert people that their money is being sent to unclaimed property but people claim they dont ever get these letters. Also, when the people call to claim their money, the bank is in the process of sending it to the department of commerce so people have to wait many months to get it back. This person i know hypothesizes that the banks are doing this on purpose -- making up reasons to send peoples money to unclaimed property using those months inbetween closing the account and sending it to have essentially free money to do whatever they want with and not have to pay interests since the money is "on its way to unclaimed property". Do you think there's any truth behind this? Hopefully this makes sense but again, this is someone i know so i dont have as much information as they do.