I received a mail correspondence on May 27, 2010 from Pettinato & Associates, saying that they knew of unclaimed property that was owed me in the state of California. The reported an old address from California, and said they could claim the property for me at 10% of the value. I never provided Pettinato & Associates with any documentation or information, besides my signature that I was interested in attaining this money. I did not provide the documentation, because I thought that they might be a scammer or committing fraud for any money owing to me from the State of California.
In August 2010 the State of California State Controller John Chiang informed me that indeed I had shares from previous work due to me. So I proceeded with that information, assuming that I could get the money directly from the state.
On March 21, 2011, I received a notice from Pettinato & Associates, that since I had decided to not "work exculsivey" with their office, I "breached the terms of the agreement".
Now, even though, I have not being paid any money from the State of California for these shares, and did not provide further documentation for Pettinato & Associates, they submitted me a bill in the letter for a total of $237.50 which said it was due on receipt with a date of March 21, 2011 with a warning that "Past due balances 30 days or greater may be subject to late fees and finance charges.
Can you give me some advice on this matter, it seems to me to be a scam and is fraud.