Would you turn it in?

[Clonehomer]

You people keeping a bit, are you just hoping the amount you kept is small enough to not make it worth the time for repercussions?

If you took the cash and stashed it in your home, what’s the repercussions? Wait it out a year and see if there’s any activity around it.

To me, the biggest issue is how to spend it without the IRS getting interested. You’ll need to start some sort of service business to launder it slowly.

But it isn’t keeping the money that gets you in trouble, it’s spending it.

 

[HackTheGibson]

Follow up question - how much money before you think you need to turn it in? Obviously everyone here will keep the dollar they found on the ground. What's the breaking point? Is it 1,000? 5k? 50k?

 

[Clonehomer]

I feel like odds of something being attached to it negatively would be high and that it would likely follow you or cause you to always feel off. I'd be looking over my shoulder and always wondering who's watching or who it actually belongs to. Like another pointed out, something illegal attached to it and someone will be looking for it. Just wouldn't be good for a person's health.

I'd lean turning it in because I likely wouldn't want any part of it.

If you turned it in and it was related to an illicit organization, do you think they’re going to be happy with you anyways? To me, it’s either keep it or leave it be. There is no reward for turning it in.

 

[HOTDON]

Oh I know know where we could easily launder more than $1000/week. I know a couple who own a strip joint, flea bag hotel, funeral parlor, and casino.

View attachment 127335

Send it with @CoachHines3 to Lickity Splitz ftw!

 

[BryceC]

All the movies I've seen of people finding cash don't end well for the people finding cash.....

I’ve seen No Country for Old Men

 

[Pope]

Send it with @CoachHines3 to Lickity Splitz ftw!

I'm pretty sure his mom dances the overnight shift.

 

[3TrueFans]

steal?

Taking something that isn't yours?

 

[pourcyne]

Would be tough to keep that a secret.

And even harder to spend it without arousing suspicion.

Might turn out to be less fun that one might think.

 

[MeanDean]

If you turned it in and it was related to an illicit organization, do you think they’re going to be happy with you anyways? To me, it’s either keep it or leave it be. There is no reward for turning it in.

And the next step. After you've waited the year after turning it in and the police return it to you... by then there are literally dozens of people who know you have the money. And without a doubt, one of them is going to be intimidated by the bad guys and they'll come to you for it anyway.

Might as well take your chances with the bagless money and only you knowing you have it on the first day.

 

[isufbcurt]

Taking something that isn't yours?

abandoned property

 

[cytor]

To be safe in properly handling this situation, I recommend that you better call Saul Goodman.

 

[3TrueFans]

abandoned property

Yeah, no.

 

[wenkeej]

Would be tough to keep that a secret.

And even harder to spend it without arousing suspicion.

Might turn out to be less fun that one might think.

View attachment 127337

One person might be able to keep a secret for a lifetime, but if you live with anyone else it would be nearly impossible. And if more then one person knows it's not a secret.

And the secret part is before you even try to spend it all without someone finding out. Sounds like the makings of a miserable life.

Now if you could claim that money legally as found goods not claimed by a rightful owner, that's a whole different story....

 

[ImJustKCClone]

If this actually happens to any of you then contact me and I will help you launder it.............................................For a small fee.

That's my tax professional for ya!

 

[coolerifyoudid]

Clearly marked bags - turn it in
Found near my house - turn it in
Indescriptive bag in some remote area - transfer it to a different bag, verify that there are no tracking devices, hang onto it for awhile and check news feeds to see if it's reported.

Also, I think some of you underestimate how easy it would be to spend $1 million in cash without being noticed. You could go another country on vacation and have a pretty fun time as long as you don't buy stuff that you return home with. Things like excursions, drinks, tickets to events, etc are all pretty untraceable.

 

[BoomerClone]

You would not have to spend it right away; a million dollars would buy a lot of stuff over the next 20 or 30 years. Things like utilities, groceries other items are purchased with cash always. Seen many an Amish down here grab a roll of cash out of their pocket and start peeling them off to pay for things.

This. You wouldn’t be able to go out and buy new cars and a house with it. The financial burden that is relieved from you by never worrying about having enough money in your bank account for groceries, dinner and drinks out, utilities (assuming you can go the local office and pay in cash), and other everyday purchases. Sign me up

 

[SEIOWA CLONE]

Clearly marked bags - turn it in
Found near my house - turn it in
Indescriptive bag in some remote area - transfer it to a different bag, verify that there are no tracking devices, hang onto it for awhile and check news feeds to see if it's reported.

Also, I think some of you underestimate how easy it would be to spend $1 million in cash without being noticed. You could go another country on vacation and have a pretty fun time. As long as you don't buy stuff that you return home with. Things like excursions, drinks, tickets to events, etc are all pretty untraceable.

You could set up a small business out of your home, use that as a way to funnel money into your bank. Mowing yards or something like that, put out some advertisement, and then start making weekly deposits of say $500 to $1500 in cash to a couple of different banks in your area. Purchase all cloths, groceries, nights out, utilities with cash. You are in no hurry, if it takes you five or ten years to get most of it in the bank, big deal.

 

[BCClone]

You would not have to spend it right away; a million dollars would buy a lot of stuff over the next 20 or 30 years. Things like utilities, groceries other items are purchased with cash always. Seen many an Amish down here grab a roll of cash out of their pocket and start peeling them off to pay for things.

You would become Dave Ramsey’s favorite person. He tells people to be 100% cash.

 

[dahliaclone]

As others have said, No Country For Old Men comes to mind but so does A Simple Plan which is the same situation.

 

[cycub51]

To the people who think finding abandoned property is stealing even though there are laws regarding it, I have one question. How tall is your horse because that thing must be mighty high.