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?

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

I think if I found something, turned it over to the police and waited the six months only to have it claimed. I would cry, I know it would be the right thing but I would still cry

 

Amazon Forum Fav 👍

Upgraded Night Vision Monocular Digital Infrared Monocular Telescope for 100% Darkness with 8X Zoom - Grab it through Amazon!

[Tom_in_CA]

Feline, puullleeassse tell me you made up that stolen property citation. I had to read it twice

As for the CA citation: "under circumstances which give him
knowledge of or means of inquiry as to the true owner" That is either very vague, nebulous, etc... or scary. "means of inquiry" could even be construed to mean that anything you find might be in the process of being reported lost to the police, therefore report every single find, since "you had the means of inquiry". Hmmm.

 

[cazar]

Laws regarding stolen property differ from state to state.
CA
485pc. One who finds lost property under circumstances which give him
knowledge of or means of inquiry as to the true owner, and who
appropriates such property to his own use, or to the use of another
person not entitled thereto, without first making reasonable and just
efforts to find the owner and to restore the property to him, is
guilty of theft.


this is a good one....ok ...two points...one ...if the finder after a DILIGENT search and
inquiry no none claims then it is his after a length of time..( court will have to decide)
two ...you will have to hire a lawyer to keep your rights and file notices

1. Found property. If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is your undisputed possession.

IRS -- of course it is taxable...what isnt .... also , you run the risk of back taxes and penalties for
not reporting it ......

IE ... mr x finds 100K worth of loot from bank robbery ...he after a diligent search pays taxes on it
( roughly 37%) ...after taxes, legal fees ( if not higher) ...then approximately 50K -60K is his...
but if he doesnt report it he is liable for more penalties and taxes...

best thing to do ........ tell no one...except your lawyer...

 

[Noodle]

Well, just to clarify my statements, the questions BEF posed was kinda of a "what is the legal way to go." That's what I answered.

Laws (which are always restrictive to the citizens and locals) are put into place when (elected) entities realize they can gain monetary benefits by passing said laws.

Until those "laws" are in place, consider yourself lucky and keep MDing.

Laws are different in every community. I, in Louisiana, cannot advise you on Florida laws. You must research that in your own town.



"Once they begin to feed at the federal trough, the country is history." -One of those old founding fathers, paraphrased...

 

[Charlie P. (NY)]

On the NYS income tax form they ask one question something like: "Did you make any out of state Internet purchases which you should pay NYS tax on?"

I respond "Not in my opinion".

 

[Noodle]

But don't forget, Felinepeachy, that whatever was judged to be given to Caesar was up to the tax collector to determine. The tax collector was shrewd. Some of what he asked for/demanded was to line his own pocket. He was there to collect for Caesar, but sometimes he was dishonest himself (actually, most of the time) and demanded more from the citizen than Caesar demanded for taxes.

You quoted Christ saying "Give unto Caesar the things which are Caesar's." He did say that. But he didn't say give to the cheating tax collector what he demandeth. That is another story in the New Testament, and Matthew responded.

I do get pushed out of shape when lying, thieving government/civil authorities/shop owners/corporations try to get another 1-10-100 $$ out of me by feeding me a line. Actually I get a little bit pushed out of shape when private companies do the same. Some think I was born yesterday. New thread, sorry.

Just remember, FelinePeachy - temper your responses and reactions. It'll come out in the end, but don't think the US Gov't is perfect. It's not, but it beats the alternatives I think, right now. I think...

 

[Bridge End Farm]

Just remember, FelinePeachy - temper your responses and reactions.

Don't tell me how to behave. You have your opinions and I have mine.

down ladies down lol

 

[Bridge End Farm]

Mia thanks for the California law, I have read florida's laws on it and it almost the same. BTW did you see where the cops dug up a buried treasure from a thief over there in California. Stolen and buried in 2006 he gave his lawyer a map to give to police as to where it was.

I guess the proper, legal and moral thing is if one should find a hidden cache from a crime buried by the thief regardless of the time period is to inventory it and take pictures (to show on TN ). Talk with a lawyer you trust and turn it over to the police and let the coins fall where they may.

 

[Real de Tayopa Tropical Tramp]

TOM in Ca my dowsing friend, you posted --->

I also found some mercury and barber dimes this last year, that no doubt also belong either directly to you, or your ancestors ".
~~~~~~~~~~~~~

You are correct, however, merely mail them to me, I will pay the postage to show no hard feelings for an honest mistake on your part...

Dom Jose de La Mancha

 

[Bridge End Farm]

So, bridgeendfarm, just what did you find and when did you find it? ROFL

If I knew something was stolen property, I'd turn it over to the police ASAP and hope for a reward. Any other cache would be handled on an individual basis. For example, if I found a cache on private property (always hunting private property with permission), I'd offer the cache to the property owner - and hope for a 50/50 split. If I found a cache on public lands where it was legal to hunt and there was no name or other ID on it, it's mine!

Found a small silver dollar cache years ago and those dollars were mine until my house was burglarized. I figured they MIGHT have been stolen originally, so maybe they would always get stolen. Or maybe they belonged to somebody who died and couldn't get back to retrieve them. Either way, some things just have bad mojo.

Hello sweet lady,

Sorry to read that your castle was robbed. Are you thinking your reading something between the lines? What makes you feel I found something? I just opened a topic by just asking a question seeking information on a subject for us to discuss. I as others on here are always reading information, searching for clues and seeking lost or buried treasures. So should I ever find/dig up/discover something like a rather large large cache of historic old coins. I would know what I would/should do. As I learned from my times in scouts to always be prepared.

 

[strickman]

hey ,bridgeendfarm----i see you aren't scared to open a can of worms! man now i know how to rev them up l.o.l. see no treasure,speak no treasure,--pay no taxes!!!!!! l.o.l.

 

[Bridge End Farm]

C'mon bridge, I'm just having a little fun with ya. Don't be protesting too much or you'll look guilty. You know the old line from Shakespeare: "Me thinks the lady doth protest too much." Of course you're not a lady, but the same adage holds true. You start to deny you've got something and pretty soon it seems like maybe you have something afterall - it's the Rule of Contraryism. (I love that rule. I live by it. LOL)

OK, so you're just trying to be prepared <wink, wink>. Do you know the modern code of the West? It's Shoot - Shovel - Shutup (SSS). IOW, if you contemplate doing something against the authorities that you aren't supposed to do, just do it and cover your tracks. The SSS would apply to caches in most instances. Well, with the "Shoot" portion of the "Code" applying to your detector and not your gun.

Anyhow, whatever you find (or don't find <wink, wink>) you know somebody else is going to want it if it's valuable. That's why the smart treasure hunters who finds a significant cache won't post it online. Too many eyes, including here on TNet. Best advice - shhhhhhh.

thank you for the SSS advise, I will remember that. You know young lady if I was just 30 years younger I'd have to ask you to a dance.

 

[Bridge End Farm]

C'mon bridge, I'm just having a little fun with ya. Don't be protesting too much or you'll look guilty. You know the old line from Shakespeare: "Me thinks the lady doth protest too much." Of course you're not a lady, but the same adage holds true. You start to deny you've got something and pretty soon it seems like maybe you have something afterall - it's the Rule of Contraryism. (I love that rule. I live by it. LOL)

OK, so you're just trying to be prepared <wink, wink>. Do you know the modern code of the West? It's Shoot - Shovel - Shutup (SSS). IOW, if you contemplate doing something against the authorities that you aren't supposed to do, just do it and cover your tracks. The SSS would apply to caches in most instances. Well, with the "Shoot" portion of the "Code" applying to your detector and not your gun.

Anyhow, whatever you find (or don't find <wink, wink>) you know somebody else is going to want it if it's valuable. That's why the smart treasure hunters who finds a significant cache won't post it online. Too many eyes, including here on TNet. Best advice - shhhhhhh.

thank you for the SSS advise, I will remember that. You know young lady if I was just 30 years younger I'd have to ask you to a dance.

Honey, if you were 30 years younger you'd be about 50 years too young for me. LOL But I thank you for the kindness.

Story of my life born too early or too late. LOL I thank you for you and guess then we will have to continue to waltz in our friendship

 

[trish76642]

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?

Hi Bridge!
I wouldnt think stolen money would have a statute of limitations on it. What i mean is, if its stolen from a business, bank, store, or from a robbery, if found it is still considered 'their' property. Would be different if say you or i would found money and didnt know who the owner was, and then turned it over to the proper authorities, the statute of limitations, (not even sure if thats the right word for it) would be 30 days, and then during that time if the owner hadnt filed a 'lost' report, or came forward because he had lost it, then it would be yours. Stolen money from a bank is government property, i personally wouldnt wanna get caught with it, i know you wouldnt either...as far as just finding money, and having no way of knowing who it belonged to is a different story, turn it in, wait 30 days if no one claims it, its suppose to go to you..I know that because Father in law was Sheriff for 20 years..30 days is usually the waiting period to be able to claim something you found no matter what it is.

 

[Bridge End Farm]

C'mon bridge, I'm just having a little fun with ya. Don't be protesting too much or you'll look guilty. You know the old line from Shakespeare: "Me thinks the lady doth protest too much." Of course you're not a lady, but the same adage holds true. You start to deny you've got something and pretty soon it seems like maybe you have something afterall - it's the Rule of Contraryism. (I love that rule. I live by it. LOL)

OK, so you're just trying to be prepared <wink, wink>. Do you know the modern code of the West? It's Shoot - Shovel - Shutup (SSS). IOW, if you contemplate doing something against the authorities that you aren't supposed to do, just do it and cover your tracks. The SSS would apply to caches in most instances. Well, with the "Shoot" portion of the "Code" applying to your detector and not your gun.

Anyhow, whatever you find (or don't find <wink, wink>) you know somebody else is going to want it if it's valuable. That's why the smart treasure hunters who finds a significant cache won't post it online. Too many eyes, including here on TNet. Best advice - shhhhhhh.

thank you for the SSS advise, I will remember that. You know young lady if I was just 30 years younger I'd have to ask you to a dance.

Honey, if you were 30 years younger you'd be about 50 years too young for me. LOL But I thank you for the kindness.

Story of my life born too early or too late. LOL I thank you for you and guess then we will have to continue to waltz in our friendship

You'll be waltzing, I'll be doing the minuet. hehehe Where were you yesterday when I was looking for a husband on Leap Day? Sheesh, what a team we could have made!

I was out treasure hunting sweetie

 

[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?

Hi Bridge!
I wouldnt think stolen money would have a statute of limitations on it. What i mean is, if its stolen from a business, bank, store, or from a robbery, if found it is still considered 'their' property. Would be different if say you or i would found money and didnt know who the owner was, and then turned it over to the proper authorities, the statute of limitations, (not even sure if thats the right word for it) would be 30 days, and then during that time if the owner hadnt filed a 'lost' report, or came forward because he had lost it, then it would be yours. Stolen money would be totally different if it were found by some one...

Yes that is what I have read in statutes/laws here. There is a slim chance of keeping it for yourself if you do the proper thing and turn it in regardless of the age of the crime. Makes you wonder and say why bother other than the thrill of the hunt itself.

 

[trish76642]

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?

Hi Bridge!
I wouldnt think stolen money would have a statute of limitations on it. What i mean is, if its stolen from a business, bank, store, or from a robbery, if found it is still considered 'their' property. Would be different if say you or i would found money and didnt know who the owner was, and then turned it over to the proper authorities, the statute of limitations, (not even sure if thats the right word for it) would be 30 days, and then during that time if the owner hadnt filed a 'lost' report, or came forward because he had lost it, then it would be yours. Stolen money would be totally different if it were found by some one...

Yes that is what I have read in statutes/laws here. There is a slim chance of keeping it for yourself if you do the proper thing and turn it in regardless of the age of the crime. Makes you wonder and say why bother other than the thrill of the hunt itself.

Yep your right my friend.....
But? Say you found money that has been lost over several years? Who ever lost it, im sure they know by now, the chances of someone turning it in is out of the question.

 

[jeff of pa]

Still watching this, To see IF they Confiscate,
But it Sure looks like there are
Exceptions

http://forum.treasurenet.com/index.php/topic,143475.0.html

Every single one of these Bills is a Treasure in Itself.
(Maybe Priceless)

And Also Federal Money.

And Crime "Dirty" Money.

 

[Bridge End Farm]

Still watching this, To see IF they Confiscate,
But it Sure looks like there are
Exceptions

http://forum.treasurenet.com/index.php/topic,143475.0.html

Every single one of these Bills is a Treasure in Itself.

And Also Federal Money.

And Crime "Dirty" Money.

I thought he (kid then) that found it got to keep half. I rememeber a news article where his family or him was going to sell them (each) to collectors to help pay his way through college.

 

[jeff of pa]

Yes I had read something on that also.

Maybe Having then Confirmed is part of the Process