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Founder of Found Money, Edward Palonek and Santa Claus find people that have Unclaimed Money belonging to them before Christmas


Nevada (WEBWIRE) December 5, 2008 – Edward Palonek, founder and CEO of, announced that his unclaimed property department is teaming up with Santa Claus to alert millions of individuals and companies, that they may be the rightful owners of abandoned bank accounts, misplaced payroll checks, forgotten stocks and other unclaimed assets.

Each year, thousands of people lose track of their bank accounts, cash, stocks, bonds, refunds, royalties, safe deposit boxes and other property. People move and forget to furnish their bank, broker, employer or insurance company with a forwarding address. Losing sight of property can happen to anyone, says Mr. Palonek and Santa Claus

According to the state of California, "over 8 million residents of California are currently in this position right now, to claim over $5 billion in Unclaimed Money. The sums and the numbers are growing every year so chances of finding money in any family are very good. Santa Claus and Mr. Palonek are both looking for Watson & Associates from Torrance, CA, who may have over $5,300 in vendor payments that remain unclaimed money.” What a great Christmas gift, finding some of your missing money”, says Palonek.

“Foundmoney was the first company to make the national database of unclaimed money searchable on the World Wide Web. Today Foundmoney is often duplicated but never replicated.” says Mr. Palonek. People can now find out within seconds, if any property belongings to them. Unlike in the past where finding money was a difficult process due to the enormous complexities with the records not been digitized. “Finding lost and forgotten family money couldn’t be any easier or more fun, says Mr. Palonek, whose company has a successful track record in reuniting people with their unclaimed or ”lost" money. Individuals can now check this out in the convenience of their homes, simply by visiting our website at

Mr. Palonek and industry leaders note, that is the Internet’s largest and original financial information database containing the details of millions of names that have unclaimed cash and property belonging to them.

When Edward Palonek appeared on the Oprah Winfrey and Maury Povich shows, he found more than $100,000 for callers and guests on these shows; And the best part of it all was that the money found belonged to the viewers who have forgotten about these small fortunes in some way. Today Mr. Palonek continues to help thousands of Americans locate their missing money each year.

Most people are surprised when an account turns up ... in many cases, it’s an account belonging to a friend, family member or deceased relative. Mr. Palonek explains that this is such a wide spread phenomenon, where it even looks like someone in the Obama family may also have some unclaimed money owing to them. From the president elect Obama to Santa Claus, millions of people are richer then they think.


Palonek and Found Money
Santa Claus HO HO HO, at the North Pole



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