Is the marketsphere unclaimed property letter a scam?

Answer 1

No, the letter you received from MarketSphere Unclaimed Property is not a scam. It is legitimate. You (or the person on the letter) is owed money from one of MarketSphere's clients. MarketSphere is trying to locate the person on the letter to notify them that a check or other payment needs to be reissued from the client, or else the funds will be escheated to the state Treasurer's department to be held there until you come forward (or search the state databases) as the rightful owner of the funds.

Answer 2

The Marketsphere unclaimed property letter is not inherently a scam. Marketsphere is a company that specializes in reuniting individuals with unclaimed property such as uncashed checks or forgotten bank accounts. However, it is always advisable to verify the legitimacy of any correspondence received, especially if it requests personal information or payment. You can contact your state's unclaimed property office directly to confirm if the letter is legitimate.

Answer 3

It totally is. They just search public databases and do shotgun matches of people to names. They will likely charge you fees after the fact for collecting it, if it really is yours. Just go to unclaimed.org to find the right system for your state and claim the money yourself.