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This happened: Government confiscates money from a member of Glenn’s staff

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As Joe explained, about six months ago his wife noticed that they had stopped receiving bank statements for one of their accounts. He proceeded to go back and look at old statements he had received and, sure enough, there was language that explained the state of Pennsylvania could liquidate the account if there is no activity in a certain period of time.

 

John Hames shared with you:

 

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This happened: Government confiscates money from a member of Glenn's staff

Glenn Beck Current Events - According to Australia's Herald Sun, the Australian government seized a record $360 million from 'dormant' household bank accounts in 2013 alone. A rule change in 2012, allowed the government to seize the money in some 80,000 accounts that had been dormant for three years. Prior to the change, just $330 million had been collected between 1959 and 2012.

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