Have you ever been walking down the street and seen a $10 bill laying on the sidewalk? If so, did you pick it up and tuck it into your wallet?
Unless someone was walking ahead of you that may have dropped it by mistake, this instinct isn’t uncommon, and you’d probably walk away and not think much of it except maybe ‘“lucky me!” At the end of the day, it’s probably in better use in a wallet instead of crumpled on the ground.
Unfortunately, it’s not always that simple.
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On Aug. 19, the police department of Albany, Georgia shared a grainy photo on Facebook of an older man in a Walmart pushing a cart. In the post, they asked for the public’s assistance in identifying him, writing that “an individual dropped $30.00 on the ground while shopping. This individual picked up the money and did not turn it in to the employees.”
Below the post, more than a handful of commenters question the police department for seeking out this man who has done something they deem harmless.
“This is a joke, right?” one commenter wrote.
“Whatever happened to finders keepers” said another.
Indeed, what happened to it? There’s actually more to it than a common turn of phrase.
‘Finders keepers’ and the law
Much like many commenters, you might be thinking, if this man found a fairly small sum of abandoned cash on the ground, then it’s no harm to keep it.
But, under Georgia Code § 16-8-6, “keeping property you know or learn is lost or mislaid without making reasonable efforts to return it to the owner is considered the criminal offense of theft of lost or mislaid property.” In other words, Georgia does not take “finders keepers” as a sufficient answer to why someone might keep the money
State law regarding this varies, with some states offering a bit more flexibility. While there is technically no official “finders keepers” rule in any jurisdiction, different states have different rules regarding how long you have to wait before unclaimed property becomes yours.
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It depends on the circumstances
Georgia criminal law firm Lawson and Berry explains that not every instance of finders keepers — such as the man in Walmart picking up cash — will result in a criminal charge. There is nuance applied to each situation.
“As soon as you discover that the property is lost and you decide not to return it, then criminal intent appears,” the firm states.
“Once you realize the property is stolen, as long as you take reasonable measures to return the property, then you will not face criminal charges” they add. Which category this Georgia man falls under is yet to be determined.
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Em Norton is a Content Specialist at moneywise.com. They have been with the company since 2022.
