Statute Of Limitations Question

[Bridge End Farm]

Question: Does anyone know if there is a statute of limitations if one should find a hidden cache from a bank/store robbery, etc? Just wondering if there is a time period when the find would be considered yours?

 

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[jeff of pa]

Re: Statue Of Limitations Question

there is a statute of limitations on how long the person who stole it can be
charged, but I don't know about the Stolen Items.
Most likely at least as long as the Persons Robbed Are Alive.

Of course then you get into Relatives.
which I would Figure would be Purley up to your Personal Concience.
And their Greed if they Find out.

Banks on the other hand are Federal
which probably means there is no Legal Point
where it becomes yours.

 

[Farmercal]

Re: Statue Of Limitations Question

If you find something that was stolen not matter how long ago, I guarantee someone will tie it up in court for many years trying to take it away from you. It may costs you more in legal fees than it is worth in the long run. I don't think it would ever be considered yours.

 

[jeff of pa]

Re: Statue Of Limitations Question

I'll add

IF Insurance was paid on the Stolen Property
It no longer Belongs to the Victims.

But Legally would belong to the Insurance Co. unless they are Defunct.
& Didn't sell out to another Agency.

 

[Charlie P. (NY)]

Re: Statue Of Limitations Question

Taxes are forever.

If it involved wrongful death or murder it is evidence and there is no statute of limitations on murder.

I'm guessing, but if it occurred since the FDIC was enacted (1933) probably the Feds would sieze it as they covered the initial loss.

 

[Real de Tayopa Tropical Tramp]

Re: Statue Of Limitations Question

HIO Charley:

That would probably be only for the amount that they actually paid on that claim if any. They do not normally pay for full loss.

We will soon have a prime example of this when they start paying off on the banks that are on the way down.

Don Jose de La Mancha

p.s. A thought occurs to me, if the Bank declares a loss on the stolen object, do they still have a legal right to it? I.E. Say $10,000 in Gold coins is stolen, from a bank safety box, and the bank, through the FDIC, pays off the orig owner, then declares it as an operating or bad debt loss later, do they still have any rights, or do they pass on the potential ownership to the Federal gov't? I think that I already know the answer heeh.

 

[Shortstack]

Re: Statue Of Limitations Question

Obviously the key is the "Time" of the robbery. If it was last week; last month; last year, etc., check on the reward for recovery and settle for that OR relocate the cache; keep your mouth shut for a few years, then "cleanse" it a little at a time at various locations out of state. Now I must say that I do not recommend actually KEEPING the ill gotten gains--- --- but, follow your own inclinations. Annnnnd GOOD LUCK. 8)

If the robbery was 50 years ago, "cleanse" it a little at a time, around your state as well as out of state. The "cleansing" will turn it into modern bills for stashing in your "mattress" or other places. You can pay your taxes on you windfall by claiming it under "Other Income" on the tax forms. Most of your battle would be won if the IRS is paid off.

As KVM was fond of writing, "Keep your mouth shut about your finds." There are any number of people in your very neighborhood and town who will try to get control of your recovery if they think there's the slightest chance. If you don't believe it, check the Yellow Pages in your local telephone book. Look under the heading of "Lawyers" and count the number of these folks who specialize in Litigation. Litigation has become the modern term for "Legalized Thievery".

 

[Tom_in_CA]

Re: Statue Of Limitations Question

I would think that if you found the proceeds of a Bank Robbery, it would forever belong to that bank, or their successor's-in-business, indefinately. Heck, wasn't there even some insurance company's trying to get at the Brother Jonathan's 1850s shipwreck gold, because they claimed that they, by succession of insurance companies that had been bought & sold, 50, 100 or 150 yrs. earlier, they could trace a claim through the tree/evolution of mergers, etc...?

Or how about the true story of some kids who found a cache of very old money in the dirt floor of their rental house in NY years ago? By the time that was over, there were multiple claimants all saying "it was mine, I left it there" etc... Property managers, current and previous owners, the renters themselves, past renters who had rented that unit years earlier ("yeah! that's the ticket! I buried my antique coin and bills collection and forgot it when I moved out!"). So even the age of $$ can be a non-issue, since someone can claim they were a coin collector, etc..

Best bet, when you're certain it's something that goes way back before modern times, and has long been given up on, is to remain quiet. Now if you found something you reasonably expected is a current loss (a diamond ring in a parking lot with an insurance name on the inside), then of course, you can't hawk it and expect to walk clean. These are just recommendations, of course, I suppose if we all wanted to be technical enough, we should even seek to return that lost (or stolen) barber dime we found at 8" in the turf a the park, right? The rightful heir are still out there somewhere, or the kid who buried it the day before, so you only think it was a loss in older times. Etc.. Etc....

There's also legal statues about the value something, that varies from locale to locale. Like, if it's worth $50 or more, you are expected to turn it into the police or something.

 

[CanUDigIt]

Re: Statue Of Limitations Question

If I deposit money in the bank and two minutes later it is robbed, who's money was stolen?

 

[jeff of pa]

Re: Statue Of Limitations Question

If I deposit money in the bank and two minutes later it is robbed, who's money was stolen?

the Banks , your Covered as long as you have a deposit slip.

Same as if you Loan me Money & I am Robbed.

Only the Fed will Cover the Banks Loss.

 

[UncleVinnys]

Re: Statue Of Limitations Question

I believe the word is "statute" not statue.
FYI.

 

[Bridge End Farm]

Re: Statue Of Limitations Question

I believe the word is "statute" not statue.
FYI.

maybe I didn't spell check, if it bothered you sorry, corrections made.  I think everyone knew what I meant and the question asked.  Thanks for the input to my question

 

[CanUDigIt]

Thanks Jeff!

 

[SC_hunter]

Just a side note...In SC there is no Statute of Limitations on any criminal offense...and that even includes speeding. If it is stolen property, as Jeff stated, the insurance company pays off, then it is their property..if not paid off it still belongs to the person that had it stolen.

 

[Tom_in_CA]

SC_hunter: How about lost stuff in SC? Like, if I have a fender bender on a freeway onramp, that causes a jar of jewelry I had in my front seat, to go flying onto the grassy/vegetation nearby. So I go back home to get my detector, to recover it all. I return 1 hr. later, and see another fellow out there with a detector. He says "finders keepers loosers weepers". What saith SC law in a case like that? What if you didn't return to that onramp for a week? a month? a year? What if it was just one coin? Wierd to think about the legal implications of this, eh? :P

 

[SC_hunter]

SC_hunter: How about lost stuff in SC? Like, if I have a fender bender on a freeway onramp, that causes a jar of jewelry I had in my front seat, to go flying onto the grassy/vegetation nearby. So I go back home to get my detector, to recover it all. I return 1 hr. later, and see another fellow out there with a detector. He says "finders keepers loosers weepers". What saith SC law in a case like that? What if you didn't return to that onramp for a week? a month? a year? What if it was just one coin? Wierd to think about the legal implications of this, eh? :P

You know, I have never really given that much thought but if he came back to the scene while someone was detecting and said..hey, that is my ring you just found....if it was me, I would give it to him...after a year...I doubt he would ever want to see that spot again..lol Much less find me MDing it..But in all fairness, I think if someone "lost" something, no matter how long it has been and can show proof, then I think it would legally still be theirs. Just my thought now, hadn't checked the laws on it though.

 

[Bridge End Farm]

I agree and was always brought up to do the right thing. I have wondered if I searched and found something of that nature since at least half the treasure legends, myths, etc are from criminals etc hiding their loot from some sort of robbery.

 

[Real de Tayopa Tropical Tramp]

Hmm I wonder how Mel found that gold that belonged to my cousin on the Atocha?? We certainly didn't give him written permission, we have been carefully guarding it's location for generations, waiting for the correct moment...

We demand it's return, punitive damages, and interest that was denied to us as rightful heirs by witholding it from us for a no of years, plus a public apology for disturbing our ancestor's resting place..

I would have tried to correct this heavy handiness before, but I have been out of contact and it has just been brought to my attention about Mt fisher's brutish disregard of my families sensitivities and the illegal appropriation of our rightful inheritance by misrepresentation to the courts....


Don Eusebio Marques de Isabella Montes Castanilla


P.s. Shall we have a big party after he or his heirs pays me fellow members? All TH gals invited.

 

[Noodle]

Question: Does anyone know if there is a statute of limitations if one should find a hidden cache from a bank/store robbery, etc? Just wondering if there is a time period when the find would be considered yours?

BEF: Depends on the state and its laws, bottom line.

Was it covered by insurance? If so, and the insurance paid off, AND IT WAS PROVEN TO BE THE PROPERTY THAT WAS COVERED BY THE INSURANCE COMPANY , it would belong to the insurance company ... if the insurance company is still in business. If it folded, and there are no downline insurance companies or families that bought out the original insurance company, then it's up for grabs (subject to legal interpretations, of course).

Generally when such is found, the logical LEGAL course is (1) get a lawyer to substantiate the find; (2) turn it over to the local police; (3) wait the allotted span of time, usually six months; (4) claim the booty if no one has claimed it, have it released from the police department and have fun.

- Noodle

 

[Tom_in_CA]

Hi Noodle, would the same prescription apply for lost property? Or I mean, you found something, but to be honest weren't really sure if it was "lost" or "stolen", etc.... I mean, if you find a jar of coins, who's to say it wasn't cached by a thief?

Hey Real De Tayopa, you are up to your old tricks eh bro? I also found some mercury and barber dimes this last year, that no doubt also belong either directly to you, or your ancestors. I am very sorry for not endevouring to return them to you, alerting an archaeologist & reporting it to the police. I will make amends by sending them to you PRONTO, with an extra $100 thrown in. Will you ever forgive me?