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a simple question ive been dying to know the answer to

Discussion in 'General Chat, News, TV, Politics' started by thescribbler, Sep 30, 2020.

  1. thescribbler

    thescribbler Law Topic Starter New Member

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    i didnt know where else to post this, and ive been trying to find a place to ask this question and get an answer, ok here it is

    ive been watching and reading videos and stories about people who bought homes and while renovating, found suit cases etc filled with money from robberies that date back to the 1950s and earlier, my question is, for such an old crime are the new homeowners who found the money entitled to it or is it something that belongs to the federal government?

    i know theres the statuette of limitations and such, would that entitle the finder to the money, since the crime that was committed was 70+ years ago? it has nothing to do with me just dying to know what happens in this kind of situation legally speaking, i figured asking on a legal message board would be the easiest way to getting an answer to this question ive had for some time now

    if anyone has the answer to this question id love to hear it thanks
     
  2. army judge

    army judge Super Moderator

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    If someone finds money or other valuables and keeps her/his yapper shut, no one would ever know what he/she found.

    As my grandfather was fond of saying, "Boy, people talk too damn much."
     
  3. PayrollHRGuy

    PayrollHRGuy Well-Known Member

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    We have 50 states plus the District of Columbia that all have different laws on subjects like this.
     
  4. adjusterjack

    adjusterjack Super Moderator

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    I subscribe to the "finders keepers, losers weepers" philosophy.

    I've looked for the hidden money in every house I've ever owned. Never found any.
     
  5. PayrollHRGuy

    PayrollHRGuy Well-Known Member

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    Had a friend in college who found $500 in an apartment he moved into. And that's back when $500 meant something.
     
  6. adjusterjack

    adjusterjack Super Moderator

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    I'm still waiting for the bag of money from an armored truck to land in my parking space.
     
  7. zddoodah

    zddoodah Well-Known Member

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    Depends on the relevant facts and the applicable state or federal law. In other words, there is no one size fits all answer to this question.

    Statute of limitations. A statuette is a small statue.

    Also, a statute of limitations is a law which, in the criminal law context, limits how long after commission of a crime the government has to initiate prosecution and, in the civil lawsuit, limits how long after accrual of a cause of action a plaintiff has to file suit.
     
  8. welkin

    welkin Active Member

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    If the money can be traced back to a particular crime, it may have to be returned. And if not, the finder would have to pay income tax on the money found.
     

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