Hi Guys, I found a wallet with 250 dollars cash. what should I do.?

Question

This is what I have done so far, I went into the store where I found the wallet and left my name and number, I told them if the person call them looking for a wallet have them give me a call. I went to the address on the ID and the individual did not live there. I called the police and they act as if I was trying to retrieve someones Identity. Now! if I don't hear anything from the store by COB today I am going to spend the money. I wanted to return it because it is Christmas time. What do you think

Answer 1

It's nice to know there are still honest people in this world. I, too, would try to return it.

I left my purse on a bench in Niagra Falls and this nice woman brought it to the police station, and didn't take a dime ($200), plus camera and cell phone!

I didn't care so much about the money as my camera and phone.

I tracked her down and gave her a $50 gift card before we left.

Where do you live? Where is there still an honest place in this world?

Answer 2

If the individual doesn't live where you checked, then ask the person who lives there now if they know where the individual moved to or who they bought the place from (law states that you must update your license with your current address within 90 days of moving. This means the person who lives at that address now probably knows which bank or agency closed the sale. You could try those places if the current occupant doesn't know where the person lives). Also, the ad in the paper is a REALLY good idea, as is the police station. That money might be for a single mom's bills or gifts for her kids (or a college students rent money or food money for the next month). Whomever it belongs to, it probably isn't just pocket change which they won't miss anyway. It most likely is an important part of their budget, and, to be quite honest here, it would be wrong of you to just keep it and spend it after so little effort to locate the owner (granted, it was more than most would do). Just be sure to do the right thing....

Answer 3

Generally speaking you must hold on to the wallet for at least 30 days. Put an ad in the newspaper about the wallet, but do not give any details about it's contents. Just where it was lost and a # to call to claim. Make the callers tell you what was in the wallet, especially the ID information. DO NOT tell anyone what the ID says or what anything else in the wallet is. After 30 days, cut the ID and any credit cards in half. The cash is yours.

Answer 4

In California you are required to make a "Good Faith" effort to locate the owner of lost property. In most cases, that means
either turning it over to the police, or to run an ad in a newspaper of general circulation in which you publish the time and locale of the discovery. Then if the person contacting you can describe the wallet, and more importantly name the amount contained, you
may safely conclude it is theirs, and you are then required by law to give it back.
What if you dont? Well California among other states recognized a cause of action called "Conversion of Found Property." Conversion is basically when you take property not yours and put it to your own needs and purposes. You can be
civilly sanctioned for the amount that you reference.
The safest course is turn the wallet in, and the police will handle it. They will take your name and information, and if the
wallet is not claimed, it then is your property under law of
abandoned property.

Answer 5

You said: " I wanted to return it because it is Christmas time". so let me get this right, you only act like an upstanding citizen because it's christmas time??? Kudos for making an attempt but you should be like that no matter what time of the year it is.

As for your question, turn it in to the police. I'm sure the wallet has more than just an ID in it. The police can look him up in the DMV system by name alone. Also, they will take your name and not sure where you live but in my state if after a set time frame it's not claimed by the owner it is yours to keep and can be picked up by going back to the station after the time frame is over.

Answer 6

You didn't say how long ago you found the wallet. If the owner calls you after you already spent his money that might be embarrassing. You could use a people search on the Internet since you have his name and an old address to try to locate him.

Answer 7

What the hell is wrong with you?!?!?!?! You did 3 things you should not have: told the store, went to the address (ridiculous) & called the police. The money is yours.... Plain and simple. Perhaps this will teach the person to be more careful. Too bad it was only $250. Hopefully it was a nice designer leather wallet too.

Answer 8

You have done way more then most people would do already. I know that you are a nice person so do something nice... Split the money in half and take half of it to the bell ringers for the salvation army and put it in there or swing buy a church and get a name from a giving tree and get them a present. Donate half to someone somewhere and keep half.

Answer 9

Maybe you should post signs, asking if anyone has lost a wallet and if no one responds you should talk to the police once more and explain what happened, and if that doesn't work you might as well spend it.

Answer 10

You have Passed the Test. Now, Go and spend the Money! You earned it. You proved that your basically an Honest and Responsible Person. There's isn't anything more required of you, Enjoy.