Greenwich Siblings Charged In $1.2M Nationwide Unclaimed Property Scam: Feds

GREENWICH, CT — Two Greenwich siblings accused of obtaining over $1.2 million in unclaimed property from state treasuries around the country have been charged with conspiracy, according to the United States Attorney’s Office for the Middle District of Pennsylvania.

Federal officials say that Henry J. White Jr., 75, and Patricia A. White, 69, both of Old Greenwich, worked together to submit false and fraudulent claims for unclaimed property.

"Henry J. White, Jr., using the names of corporate entities with which he was not affiliated and which he had no lawful authority to use, allegedly applied for and received unclaimed property from state treasuries throughout the United States," officials said in a news release. "State treasuries, relying on the certifications provided by Henry J. White Jr., under penalty of perjury, issued payment checks, which were generally sent by U.S. mail to the shared home address of both defendants. From there, White and White allegedly deposited and cashed these fraudulently obtained payment checks, and these funds were then used for personal expenses, including for mortgage payments for their shared home in Connecticut."

The siblings each face a maximum of five years in prison, followed by supervised release and a fine.

The case is being investigated by the Federal Bureau of Investigation.