Michigan Treasury Department acting as custodian of Ilitch family assets

The Michigan Department of Treasury has millions in lost or forgotten assets from dormant bank accounts, uncashed checks, valuables left in safe deposit boxes, stock certificates and the like. Because these properties were considered abandoned and unclaimed by the bank or company entrusted with them, they are turned over to the state, as required by law.

TVT has learned that the Michigan Department of Treasury is the custodian of unclaimed assets belonging to members of the Ilitch family. These assets were turned over to the state from companies including The Walt Disney Company, Tiffany Company, Daimler Chrysler AG, Blue Cross Blue Shield of Michigan, Metropolitan Title Co., Verizon Wireless and others.

See List: Ilitch Unclaimed Property