ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Legal experts warn why you should never pick up cash off the ground without searching for owner

In 2022, a Kentucky woman claimed that picking up a dollar bill from the ground nearly killed her.
PUBLISHED OCT 3, 2024
Cover image source: Getty Images | Stock photo
Cover image source: Getty Images | Stock photo

"Finders keepers" doesn’t hold up in court, especially when it comes to picking up cash off the street. Experts warn that people can end up in jail for keeping cash without making an attempt to find the rightful owner. Even worse, some have claimed that picking up bills from the floor nearly killed them. Therefore, people should not pick up money found on the street.

Man picking up coin from street | Getty Images | Stock photo
Man picking up coin from street | Getty Images | Stock photo

According to a Findlaw Blog, if a person picks up money that does not belong to them, the owner may allege theft. Therefore, a state's theft laws may be used against the finder and they can end up in trouble. 

For instance, in California, the Penal Code Section 485 says a person who finds "lost property" or in this case, money and fails to make an attempt to return it to the rightful owner, or she may face theft charges.  The criminal penalties may depend on the value or the type of the items taken. While smaller amounts may qualify as a misdemeanor crime, larger sums and things like credit cards may even lead to felony charges, as per the blog.

Lost wallet lying on ground | Getty Images | Stock photo
Lost wallet lying on ground | Getty Images | Stock photo

In 2022, a Kentucky woman claimed that picking up a dollar bill from the ground, nearly killed her. As per WSMV-TV, the woman claimed that she got fentanyl poisoning from the bill that was allegedly laced. Renee Parsons shared her account of the incident on Facebook, which went viral. 

Following the incident, a sheriff’s office in Tennessee also issued a warning against picking up folded dollar bills as in one case a bill tested positive for both methamphetamine and fentanyl. 



 

However, experts suggest that it could be misinformation, as chances of fentanyl overdose from skin contact are nearly impossible. Dr Caleb Alexander, epidemiologist and drug safety expert at the Johns Hopkins Bloomberg School of Public Health, told Fox that the skin is a "very good barrier" that prevents adverse effects of fentanyl just from touching.

In an interview with The Mirror, Gerard Filitti, a senior attorney at the Lawfare Project, explained that there are better ways to go about when deciding what to do with lost money.

Filitti said that the best course of action would be to return the money to the owner and if he or she can't be located, it could be returned to the store or customer service of the place it was found in.

Woman lost purse/wallet, walking away - | Getty Images | stock photo
Woman lost purse/wallet, walking away - | Getty Images | stock photo

Furthermore, if the finders don't feel comfortable in submitting the money to a third party, they can always contact the local police and let them take care of it. Depending on the state laws, if the money goes unclaimed for a period of time, the finder may even be able to claim the money. 

For instance, as per FindLaw, in California, people who find $100 on the ground need to contact local police. This may change from state to state thus, finders may consult an attorney apart from the local police, to figure out the best course of action.

Emergency lights on a us police car | Getty Images | stock photo
Emergency lights on a police car | Getty Images | stock photo

Contacting the owner also carries risk as people could find stolen wallets with items or money taken out from them already. This may put the burden of proving their innocence on the finder.

MORE ON MARKET REALIST
There are reasons for potential buyers to be positive but one has to be wary.
1 day ago
The story of the Lalonde twins will surely go down in the show's history after recent events.
1 day ago
The audience in the studio had a great time watching this round play out.
1 day ago
Several of these retailers have seen an increase in revenue as a result.
1 day ago
Former Biden administration Commerce Department Secretary Gina Raimondo has joined Costco.
1 day ago
The retailer had issued a voluntary recall for the products a few weeks back.
1 day ago
"I hope the bonus round wins tomorrow so that we have 3-5 this week," a fan reacted.
1 day ago
The company has said that this was a way they were looking at to improve delivery service.
2 days ago
There is a chance that the administration can utilize certain legal pathways to keep the tariffs.
2 days ago
The hilarious round saw host Steve Harvey shocked into silence on a few occasions.
2 days ago
Ramsey offered insights into how millionaire couples build wealth.
2 days ago
Many have stood with the President in support of the move but there are some naysayers.
2 days ago
Scammers are getting smarter by the day and one always needs to be wary about them.
2 days ago
She did her best but her choice of letters was not good enough.
3 days ago
Shoppers are urged to be wary of the product and throw them away if purchased.
3 days ago
Despite their point of difference, both masters of trivia have a lot of respect for one another.
3 days ago
The product in question contained peanuts, a known allergen, and was mislabeled.
3 days ago
In an interview, Pichai stated that organizations will need to work through the disruption.
3 days ago
The money from the donation will go to millions of children and will help them be financially secure.
3 days ago
Kiyosaki urged people to invest in precious metals and cryptocurrency to be prepared.
4 days ago