So for example, if you have $100,000 sitting in a bank account, and you don't touch it - make no deposits or withdrawals - for long enough that the bank changes the account's status to "dormant", the federal government can come along and simply take the money.
He said it had something to do with some law having to do with money laundering. It is outright theft, plain and simple, and most people (like me) have no idea that the law exists.
And of course, the great irony in this is that it would seem that, in fact, your money IS safer being stuffed in your mattress. At least there, you’ll know the moment it goes missing...