Bill > AB666

This bill aims to strengthen penalties for fraudulent claims of unclaimed property, which is money or other assets that have been abandoned by their owners and are held by a third party, such as a bank or business. Specifically, it creates new penalties for individuals who file claims for property belonging to someone else without their permission and with the intent to steal it. These penalties can be civil, requiring the offender to pay back the value of the property, and in some cases, an additional amount based on the property's value, or criminal, classifying the offense as a Class I felony, which is a serious crime. The bill also clarifies that the Attorney General can assist in prosecuting these fraudulent claims and mandates that the administrator of unclaimed property will publicly post information about individuals assessed civil penalties for fraudulent claims on their website. Furthermore, it amends existing statutes to ensure these new penalties are applied and allows the administrator to waive these penalties under certain circumstances.

Justice

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab666