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Lost Funds

Tracking down and recovering money / assets owed to your organization

that you are not aware of.

Currently it is estimated that there is approximately US$50 billion in lost funds in the USA. It is estimated that 95% of the Fortune 500 companies have lost funds.

Parry, Murphy and Associates (PMA) helps its clients to identify and recover any of their identifiable unclaimed funds. We offer three options, namely:

  1. PMA identifies and does most of the work to recover the funds - our fee is 25% of any funds received.
  2. PMA identifies and notifies the client of the funds and the client then does the work of recovery - our fee is 10% of any funds received and
  3. For either of the above two choices, clients can subscribe to our ongoing services for an annual subscription fee. PMA will then, on a regular basis, search for amounts that have been lost by our client and our fees in 1 and 2 above will be discounted by 20%.   
  • Annual Subscription tiers:
    • Bronze.   $   250 - Including the initial search, searches are conducted once a year.
    • Silver.      $   450 - Including the initial search, searches are conducted twice a year.
    • Gold.       $   750 - Including the initial search, searches are conducted quarterly.
    • Platinum. $1,000  - Searches are conducted monthly.
    • For each of the above subscriptions, should the recovery of funds, in a 12 month period, not exceed 12 times the subscription fee, then the subsciption amount will be refunded.  
    • The advantage of being a subscriber is that lost funds will be searched for on a regular basis and there is a substantial 20% fee discount. 

If you would like for Parry, Murphy and Associates to do a free, no obligation, initial assessment to see if your organization has any potential lost funds, please contact us:

 

 

No Rec overy  - No Fee

These are just some examples of actual Lost Funds that were still unresolved as at October 31, 2022:

Regardless of the age of these amounts, we can help with their recovery                                        

Wells Fargo Bank - $35,925.21. Unclaimed funds from Bankrupt Creditors Distribution.

Wells Fargo Investments - $210,751.00. Undeposited cashiers checks.

Macy's - $108,083.12.  Undeposited cashiers checks.

Macy's - $10,495.20. Vendor Overpayment. 

Macy's - $12,317.86. Unclaimed funds from Bankruptcy Creditors Distribution.

Deutsche Bank - $40,826.77. Undeposited dividend from 2006.

Deutsche Bank - $5,127,865.85. Undeposited funds.

Deutsche Bank - $112,444.44. Unclaimed funds.

Deutsche Bank - $51,222.41. Unclaimed funds from Bankrupt Creditors Distribution.

Deutsche Bank - $31,636.93. Unclaimed funds from Bankrupt Creditors Distribution.

Citizens Bank - $291,969.30. Unclaimed funds from Bankruptcy Creditors Distributions.

Boeing - $10,057.85. Check not banked.

Boeing - $10,647.94. Vendor Overpayment.

Boeing - $2,624.20. Check not banked.

Manpower - $3,870.00. Amount overlooked that is owed by a very profitable customer.

USAA - $4,983.84. Debit balance on a vendor account not taken from 2019.

IBM - $28,272.66. Vendor overpayment.

EDS - $139,778.06. Vendor overpayment. 

Air Liquide Electronics - $17,076.44. Vendor overpayment from 2020.

Air Liquide - $5,578.00. Unclaimed insurance benefit from 2012.

Air Liquide USA - $8,580.00. Check not banked from 2018.

Payless Water Heaters and Plumbing - $10,531. Unclaimed refund from 2020.

Dean Foods - $3,953.56. Overpayments on vehicle leases from 2019.

Dean Foods - $2,304.66. Overpayments to vendors from 2013.

Dean Foods - $5,792.00. Ommission of collection from a customer from 2020.

Dean Foods - $4,375.35. Refunds due from a supplier not taken from 2020.

General Motors of Canada - $1,893.58.  Overpayment to a vendor from 2016.

Ford Motor Company - $9,587.71.  Refund or Rebate due from a vendor not processed from 2020.

Ebay - $2,328.64.  Refund or Rebate due from a vendor not processed from 2020.

GE - $1,422.86.  Mineral Royalty payment not banked from 2018.

Walt Disney Parks Resorts - $5,584.33. Check not banked from 2018.

Intel - $41,442.57.  Debit balance on a vendor account not taken from 2017.

American Airlines - $14,481.00. Debit balance on a vendor account not taken from 2019.

Apple - $13,986.34. Refund due from a vendor not claimed from 2016.

Valero Energy Corp - $6,825.60. Premium refund due on an insurance policy from 2020.

Oracle - $944.98. Refund or Rebate due from a vendor not processed from 2019.

Hewlett Packard - $1,837.48. Overpayment to a vendor from 2019.

NRG Energy - $7,190.77. Overpayment to a vendor from 2019.

Occidental Chemical - $15,465.00. Debit balance on a vendor account not taken from 2020.

Baker Hughes - $1,008.07.  Refund or Rebate due from a vendor not processed from 2017.

Kimberly Clark - $5,484.15. Unidentified payment to a vendor from 2019.

Charles Schwab - $19,634.21. Uncashed dividend received from 2020.

Uber Technologies - $60,145.84. Undeposited cashiers checks.

Kinder Morgan - $14,338.06. Debit balance on a vendor account not taken from 2015.

Fluor - $6,445.07. Debit balance on a vendor account not taken from 2019.

Centerpoint Energy - $10,873.20. Check not deposited from 2020.

Credit Suisse First Boston - $119,970.41. Refund or Rebate due from a vendor not processed.

AKQA - $17,548.21. Debit balance on a vendor account not taken.

American Diabetes Society - $2,200.00.  Unpaid by a vendor since 2020.

KPMG - $3,768.09. Debit balance on a vendor account not taken from 2011.

Baylor Health - $2,232.51. Debit balance on a vendor account not taken since 2018.

Texas Tech University - $5,503.11. Amount owed by a viable vendor, not claimed.

Amgen USA - $89,101.39. Amount owed by a viable vendor, not claimed.

Nissan North America - $11,058.66. Amount owed by a viable vendor, not claimed.

Capital Guardian Trust - $276,727.02. Approved expenses owed by a government agency. Not followed up on.

Apple - $91,356.80. Checks paid by a vendor, not banked from 2020.

LA Music Center, Walt Disney - $35,000. Unbanked customer payments.

Holland America - $2,686.43. Undeposited cashiers check.

The above makes up just $7,195,572.61 out of the total estimated lost funds of $50 billion


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