The $70 Billion Blindspot: Uncovering the Hidden Costs of Inaction Americans have lost an astonishing $70 billion due to escheatment, a process designed to reclaim funds from individuals who have abandoned them in bank accounts or financial institutions.
This phenomenon is both shocking and infuriating. Eisen's co founder and CEO Alan Osgood discovered his own forgotten funds while researching a publicly available database.
His chance discovery sparked an idea: what if technology could prevent people from unwittingly leaving their assets behind?