Illinois State Treasurer Mike Frerichs has announced a rebate opportunity for more than five thousand Illinois residents through RadioShack. Frerichs says the reimbursement is due to RadioShack not letting people know about $140,000 worth of unclaimed rebates between 2002 and 2008.
The rebates were used to incentivize various purchases between 2002 and 2008. Radio Shack had a contract with Global Fulfillment Services to process the rebate checks. In the event that an individual did not receive the rebate check or did not cash the check, Global Fulfillment Services kept the proceeds as revenue.
“Big Corporations should not use rebate promotions as a bait-and-switch scheme,” Frerichs said. “This settlement allows us to actively locate the people who were wronged and return their money to them.”
The amount of these Radio Shack unclaimed property rebates typically range from $20-$100. The treasurer’s office notes that it could take weeks for the information to be properly recorded and entered into the unclaimed property records database. The database can be found at www.illinoistreasurer.gov under the I-Cash program.