- Associated Press - Tuesday, March 29, 2016

OKLAHOMA CITY (AP) - The Oklahoma Supreme Court has rejected a lawsuit challenging the constitutionality and administration of the state’s Uniform Unclaimed Property Act.

The state’s highest court handed down the decision Tuesday in a lawsuit against Treasurer Ken Miller, who administers Oklahoma’s unclaimed property fund.

Among other things, the lawsuit claimed the state operated a Ponzi scheme by raiding the fund and using the money to pay for state government operations. The program was created to return unclaimed property, such as jewelry, stock certificates and cash, to their rightful owners.

But the Supreme Court ruled that the lawsuit is without merit and affirmed a decision by Oklahoma County District Judge Thomas Prince last year to dismiss it.

Attorney Jerry Fent, who filed the lawsuit, said Tuesday that he was disappointed in the decision.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide