10,000 dollars found and return, what would you do

I was up in Canoga Park once and I had to make a phone call to see if she was home. These were the days before cell phones were even invented. Lying on the flat space of the phone booth was this wallet. I looked inside and there was absolutely no cash inside. It was a mans wallet. But all his ID's and credit cards were inside, and I didn't want to see him have to go to DMV to replace his license and have to call up all his CC companies to report a lost or stolen card.

Just so happened that he lived near me in Beverly Hills, so I called 411 to see if he was listed. Yeah, in those days you could actually call up information for free. So I got the number and tried to call. His sister answered the phone and I told her about the found wallet, and that it had no money inside, just his license and CC's. I told her that since I lived by her that I could come by and drop it off. She said that would be OK.

So I find the address and start heading up this winding driveway. One I got to the flat spot of the driveway, I honked my horn to let them know I had arrived. All of a sudden two HUGE Great Danes came charging at my car. Now I was used to Great Danes since my sister had raised them when I was growing up so I really wasn't afraid of them. But I quickly had a change of heart when these two dogs started attacking my car! I never had seen a vicious Great Dane before. These two looked like they had been trained to be attack dogs. Luckily I had my windows rolled up so they couldn't get near me. A few minutes later, the sister came outt of the house to collect the wallet from me. I gave her the wallet and started backing out of the driveway. But these dogs were determined to have a piece of me before I left their yard. They chased me halfway down the drive until the sister gave some sort of verbal command which made them reluctantly go back home. I just hate to think of what would have happened to me had I gotten out of the car and tried to make it to the back door.
Do you have any unclaimed property? Check it out.

j
Quote

Originally posted by: BAGIANT
I was up in Canoga Park once and I had to make a phone call to see if she was home. These were the days before cell phones were even invented. Lying on the flat space of the phone booth was this wallet. I looked inside and there was absolutely no cash inside. It was a mans wallet. But all his ID's and credit cards were inside, and I didn't want to see him have to go to DMV to replace his license and have to call up all his CC companies to report a lost or stolen card.

Just so happened that he lived near me in Beverly Hills, so I called 411 to see if he was listed. Yeah, in those days you could actually call up information for free. So I got the number and tried to call. His sister answered the phone and I told her about the found wallet, and that it had no money inside, just his license and CC's. I told her that since I lived by her that I could come by and drop it off. She said that would be OK.

So I find the address and start heading up this winding driveway. One I got to the flat spot of the driveway, I honked my horn to let them know I had arrived. All of a sudden two HUGE Great Danes came charging at my car. Now I was used to Great Danes since my sister had raised them when I was growing up so I really wasn't afraid of them. But I quickly had a change of heart when these two dogs started attacking my car! I never had seen a vicious Great Dane before. These two looked like they had been trained to be attack dogs. Luckily I had my windows rolled up so they couldn't get near me. A few minutes later, the sister came outt of the house to collect the wallet from me. I gave her the wallet and started backing out of the driveway. But these dogs were determined to have a piece of me before I left their yard. They chased me halfway down the drive until the sister gave some sort of verbal command which made them reluctantly go back home. I just hate to think of what would have happened to me had I gotten out of the car and tried to make it to the back door.


I learned my lesson. Just stick it in the mail and be done with it.

I found a wallet. Just some ID and credit cards and some $2 bills hidden in it. I called 411. The number was unlisted but 411 can still see it, they just won't tell you. I gave 411 my number, they called the person up and 411 connected us. Pain in the ass to go meet this woman's mother cause the woman had to go to a party or some crap like that.

Another time I found a cell phone. Called the guy's father and told him. He called the son and the son called me. Told me the phone was disconnected but he wanted it back for the phone numbers in it. Said he'd send me $40 to send the phone back. Whatever. The money never showed up but I sent the phone back anyways. About a month later a $40 check shows up at my house.
Quote

Originally posted by: KarenTN
you forgot to bold the 'held issued or owed in the course of business part" which does not include lying on the ground. 99.9% of unclaimed property reported to a state government is checks that were issued some number of years (the number varies by state and whether it is an AP or Payroll check) and was not cashed. Furthermore, unclaimed property reporting is a requirement for busineses, NOT individuals.

If you want, this spring when I approve the next round of unclaimed property filing at my company, I could ask some of these states what their legal stance is on a pile of cash found lying on the ground
You're not reading all the words, and it's confusing you.

Intangible roperty falls into two categories:

The first category is intangible property "that is held, issued or owed in the course of a holder’s business".

The second category is intangible property "that is held, issued or owed . . . by a government, governmental subdivision, agency or instrumentality". Cash.

You're missing the word "or" after the word "business". You're ignoring it. That "or" is there for a reason. Realizing that will clear up your confusion.

Cash is an intangible property issued by a government. That makes it subject to Nevada's Unclaimed Property law.

Quote

Originally posted by: BAGIANT
I don't know why you would turn it into the Gov't? I always thought you would return it to the police, and if no one claimed it after 30 days, it becomes your property. So what you should do is turn it into the police, BUT, put your ID in the wallet.
If I was to start giving advice to BAGIANT, I'd never get anything done.

But just as a refresher, the police IS the government. If they know their job, they'll refer someone who reports found money to the Nevada State Treasurer. And no, finders don't get to keep it after 30 days.

As for those who snicker that they'd just keep it and tell no one, well, I believe each of you.
Quote

Originally posted by: Chilcoot
Quote

Originally posted by: KarenTN
you forgot to bold the 'held issued or owed in the course of business part" which does not include lying on the ground. 99.9% of unclaimed property reported to a state government is checks that were issued some number of years (the number varies by state and whether it is an AP or Payroll check) and was not cashed. Furthermore, unclaimed property reporting is a requirement for busineses, NOT individuals.

If you want, this spring when I approve the next round of unclaimed property filing at my company, I could ask some of these states what their legal stance is on a pile of cash found lying on the ground
You're not reading all the words, and it's confusing you.

Intangible roperty falls into two categories:

The first category is intangible property "that is held, issued or owed in the course of a holder’s business".

The second category is intangible property "that is held, issued or owed . . . by a government, governmental subdivision, agency or instrumentality". Cash.

You're missing the word "or" after the word "business". You're ignoring it. That "or" is there for a reason. Realizing that will clear up your confusion.

Cash is an intangible property issued by a government. That makes it subject to Nevada's Unclaimed Property law.


I don't think you know what 'intangible' means. That's ok. It's a big word.
Quote

Originally posted by: fernie18
10,000 dollars found and returned, what would you do ?
Umm, . . . is this a trick question ?

Cash is tangible. Hell yes.
Quote

Originally posted by: BAGIANTI always thought you would return it to the police, and if no one claimed it after 30 days, it becomes your property.

That's how it worked in Mayberry.

I'm making up the invitation list to my party. Karen, Teechur and EMonster are invited fo sho. No party poopers.
Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now