Is it OK to keep cash that you find in SC? Here’s what the law says

Let’s say you’re walking down the street and find a wallet, with money inside — what does South Carolina law say you should do?

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Or maybe there are a few hundred dollar bills just lying in an aisle in the grocery store.

Your lucky day, right?

“In the grand scheme of things, you don’t have to do anything,” FindLaw says, but adds you probably should not put that money in your pocket.

There is no such thing in the law as finders keepers, losers weepers.

“Generally, if you find more than a few bucks, not doing the right thing could be criminal, after all cash is not likely to ever be abandoned property (which is usually completely legal to take),” FindLaw says.

Most states have laws that say you must make an effort to return the money.

South Carolina law says If the amount is $2,000 or less, taking it is charged as petit larceny (a misdemeanor), which carries a penalty of up to 30 days in jail or a fine of up to $1,000.

If the found money exceeds $2,000, it is charged as grand larceny (a felony) with significantly higher prison sentences depending on the exact amount.

The law in most states says if you find money you should take it to the police or the management if found in a store unless you can identify the owner.

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The amount varies by state. In New York, it’s $20, in California it’s $100. South Carolina doesn’t have a set amount. If it’s not yours don’t keep it.

“While a finder of cash may think that no one will ever know they found what they found, when large sums of money, or important property, go missing, people tend to notice and look for them,” FindLaw says.

Although, there are times when people do take the money and run.

Just ask the man who inadvertently left a box containing $30,000 on the bumper of his truck. It fell off on a highway in Grand Haven, Michigan.

Traffic backed up as people scattered to collect the dough. Police had to close the road.

Officers recovered $2,470 from the scene and asked anyone who had picked up other bills to take the cash to the Grand Haven Department of Public Safety, CNN reported.

Some did.

A woman returned $3,880 and two 17-year-olds gave the police $630, the police said on Facebook.

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But not everyone was so law-abiding.

The man recovered about $7,000.

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