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10-Year-Old Boy Who Found $10K In Hotel Room Won’t Get To Keep It

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Tyler Schaeffer will not be allowed to keep the money he turned in because the family did not follow state procedures under an obscure Missouri law. (Getty Images)

Tyler Schaeffer will not be allowed to keep the money he turned in because the family did not follow state procedures under an obscure Missouri law. (Getty Images)

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KANSAS CITY, Mo. (CBS St. Louis) – A boy who found $10,000 in a Kansas City hotel room won’t get to keep the money, reports KMBC-TV

Tyler Schaefer was staying at the Hilton Airport Hotel with his father last year when he found wrapped and stacked bills while he was looking through drawers in their room, says the report.

His father, Cody Schaefer, told him he couldn’t keep the money because he didn’t know who it belonged to, so they gave the money to two off-duty police officers. The family continued their trip and went to South Dakota.

Even though no one came forward to claim the money, Tyler will not get to keep it because of an obscure state law.

Missouri requires anyone who hands over found money to file an affidavit within 10 days, physically post announcements about the find at courthouses and other public places and take out a newspaper ad for four weeks.

None of which the Schaefers did.

They did try to contact 3 Kansas City lawyers but never heard back before the 10-day limit expired.

So now, if the owner doesn’t come forward after four more years, the money will go to the state treasurer’s office to be kept in a trust.

It could then be considered unclaimed property and the Schaefers could file paperwork to try to get the money.

Cody Schaefer said he thinks the law, which was written in 1939, should change.

“We did the right thing and turned it in,” he said. “At least it’s something to show that doing the right thing is actually worth doing the right thing for, you know?”

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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