If you found $10,000 on the street, would you turn it in?

[Titan]

BTW if you put any amount into your account, if particularly suspicious, without a viable story the teller should file a suspicious transaction report with FINTRAC.

Over $10k would result in a large cash transaction report to FINTRAC.

The likelihood of them doing the former is probably remote. The latter is likely.

[Locke]

Originally Posted by Anduril

Phew. Thought I was the only crazy one thinking this.

Sent from my GT-I9100

Is that a new model snow racer?

[Kjesse]

I was walking down Fifth Avenue today and I found a wallet, and I was gonna keep it, rather than return it, but I thought: "Well, if I lost a hundred and fifty dollars, how would I feel?" And I realized I would want to be taught a lesson.

-Emo Philips

If there's ID, you should return it, and I always would. Without ID, I'd have to be fairly certain the person identifies it properly before handing it over.

[MoneyGuy]

Originally Posted by Slava

Apparently someone here hasn't taken the newest AML course yet!

Actually, I have. And like I couldn't work you for three deposits of $3,333 each.

[Slava]

Originally Posted by MoneyGuy

Actually, I have. And like I couldn't work you for three deposits of $3,333 each.

I wouldn't even realise until it was too late!

[bc-chris]

first off - i'd turn it in/return it. it's the right thing to do

i've found 3 or 4 wallets over the last number of years and people are soooo grateful when it gets returned - especially if there is $$ in the wallet


as for this.....

Originally Posted by Titan

BTW if you put any amount into your account, if particularly suspicious, without a viable story the teller should file a suspicious transaction report with FINTRAC.

Over $10k would result in a large cash transaction report to FINTRAC.

The likelihood of them doing the former is probably remote. The latter is likely.

i run 3 different hockey groups a year - two of them run at the same time (my men's team: approx $9500 and a friday night drop-in hockey: approx: $5500). everyone who plays always pays cash - so i've had to explain myself a few times to the tellers as to why i'm putting soooo much cash in the bank at one time

[saskflames69]

Depends. When my dad was in university, he found one of those old $1000 bills in an envelope in the washroom. He took it to the bank to see if it was fake. They asked him where he got it from and he told them he sold his car (lies). It turned out to be real.

In those situations, you're not likely to find the person who lost it. Had the money been in a wallet with ID, then my dad would have turned it in to the police.

If I found $10000 without any form of identification present at a busy place like a mall, then I would return it. But if I found it on the street - it's out in public, that means it's open season and it's gonna be mine.

[undercoverbrother]

Originally Posted by saskflames69

Depends. When my dad was in university, he found one of those old $1000 bills in an envelope in the washroom. He took it to the bank to see if it was fake. They asked him where he got it from and he told them he sold his car (lies). It turned out to be real.

In those situations, you're not likely to find the person who lost it. Had the money been in a wallet with ID, then my dad would have turned it in to the police.

If I found $10000 without any form of identification present at a busy place like a mall, then I would return it. But if I found it on the street - it's out in public, that means it's open season and it's gonna be mine.

In both examples the money is in public. I assume you mean the money on the street didn't bring its ID.

[WhiteTiger]

I would like to think I would 'do the right thing' and turn it in...but honestly...I don't know. I don't imagine I could ever really know until I was in a situation like that.

[Zevo]

Originally Posted by Huntingwhale

More then likely, that amount is from drug money. The chances of it being from a legitimate source is extremely unlikely. I hate to say it, but I would probably keep it. Although l would then have to watch my back for the next while as the person who lost it is probably hunting it down and will do anything to get it back. High risk/high reward situation.

[Devils'Advocate]

I think an important point is being missed. I would turn it into the police. And have. I found a purse with $500 in it and turned it in at the nearby community centre. And when I feared that the girl at the desk might have pilfered the thing, I tracked the owner down via Facebook and asked if she got her purse back.

However, I am at a point in my life where I don't need the cash. This woman obviously was at a different level on Mazlow's hierarchy. It's when you give up something you desperately need because it is the right thing to do - that's when the true kudos should be given.

[Flash Walken]

Originally Posted by fotze

Pretty disappointed you wouldn't cure lepers with the money. Merely returning it is pretty selfish by your compass.

I'm sure a portion of the proceeds would go towards Flame Of Liberty's plane ticket to Somalia.

[PIMking]

I honestly would probably take the fiance out on a nice dinner then donate the rest to charity. I have a bad feeling like something bad would happen if I didn't/.

[Hans Landa]

If it had ID... I would take it home. Google the person. Creep them on Facebook. Profile them. Decide if I like them or not. Proceed from there.

No ID... I'd hang on to it for up to 2 weeks and monitor the news to see if anything came up about someone losing a ton of money. If so, I would likely return it.
If nothing... I'd keep it with zero guilt.

[Super Nintendo Chalmers]

I remember a case in Japan where several million dollars' worth of yens was found in a landfill. It was traced back to some guy who purposely threw it away. Apparently, there's a tax bracket where it was advantageous for him to lose that amount. He had to be forced to accept his money back.

Why don't I run into people like that so I can help them out?

[puckluck2]

Originally Posted by Super Nintendo Chalmers

I remember a case in Japan where several million dollars' worth of yens was found in a landfill. It was traced back to some guy who purposely threw it away. Apparently, there's a tax bracket where it was advantageous for him to lose that amount. He had to be forced to accept his money back.

Why don't I run into people like that so I can help them out?

So that guy is so much of a loner that he couldn't give away that money to someone?

And what does it matter if he throws it away or spends it? Aren't they taxed for what they make or pull out, not what they spend?

You'd still be in the higher tax bracket even if you throw all your money away.

[albertGQ]

^^^

Yeah. That story makes no sense. It's probably fake

[Kidder]

Just some clarification: Is it somehow unlawful to keep cash you find. with I.D.? without I.D.?

All this talk about laundering money, or the tellers asking you where you got it. Are you committing a crime by keeping found money?

[nickerjones]

Originally Posted by JurassicTunga12

Do the right/good thing and you will be repaid in a positive way at some point down the line.

I dont belive in this at all.... A lot of good things happen to bad people and lot of horrible things happen to good people.

I would keep it.

[T@T]

Years ago (early 80's) I found a lady's purse in the back alley of the apartment building where was living,I searched it for ID and found $912.00 in the wallet along with the ID that showed she lived in my building, I was about 20 (and broke of course) I did think hard as I counted it but decided to return it. I knocked on her door about 10 times before a cranky old lady finally said threw the door " what do you want?" I said I think I found your purse out back..whats your name?(no photo ID) She said the right name as she opened the door, I said here you are, this must be yours. She grabbed it and asked...did you take the money? I said of course not!

Instead of throwing me a token reward or even a thanks she just said, I'll check and slammed the door.

Bitch!