Quick Tip: Don’t Spend “Found Money”

April 30, 2007


Here’s an interesting story I read on CBS news about a man who was charged with a felony for spending $80,000 that was accidentally deposited into his bank account.

Lesson of the day: don’t spend “found money”. You can and probably will be charged with “felony theft”. If you do find a huge sum of unexpected money in your bank account that you have no idea where it came from, it’s probably a good idea to call up your bank. Not only is it illegal to spend that money, it’s downright immoral. It’s just like finding a wallet on the ground and not turning it in. It’s just wrong.


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