What do you think Delaware's third largest source of revenue is?
Props to you if you knew it was escheatment.
This is the craziest area of financial compliance I’ve learnt about in a long time, and my head is still reeling from my chat with Allen Osgood, CEO of Eisen.
What started out as me wondering what would happen to the Bitcoin that I can’t access (moved country, changed phone number…) turned into a mind bending story of a man who lost all of his Amazon stock (bye bye nice retirement), how claiming your own money back from states has become rife with fraud, and how there are $70bn of funds being held by US states that they just make money off and use to fill budget.
Madness!
