Homeless man gets to keep $77,000 he found 0
Texas homeless man, Timothy Yost, was able to keep the $77,000 in bills and gold coins he found in a park along the Colorado River, council ruled Tues., June 12, 2012. (Handout/Bastrop Police)
A homeless man in Texas said he wants to buy a car with the $77,000 in bills and gold coins he stumbled upon near the Colorado River earlier this year. Bastrop city council decided Tuesday Timothy Yost can keep the money after the rightful owner never came forward to claim it.
"I've been walking for so long, the first thing I want is a vehicle," he told Fox 7.
Yost, 46, found the bag of wet $100 bills and South African Krugerrand gold coins while walking along the river to wash his feet in January, the American-Statesman newspaper in Austin reports.
Yost took the bag to a nearby bank to exchange the cash. The teller told him he'd have to wait until the money was dry. That's when the teller called police.
Police seized the bag and placed a notice in the paper calling for the owner to come forward. When it wasn't claimed and illegal ties were ruled out, council decided Yost can keep the cash.
"I hope this man can find some benefit in this. I hope it gives him an opportunity to change his particular circumstances," Mayor Terry Orr told msnbc.com.
Meanwhile, Yost was in jail Tuesday on charges of intoxication and trespassing.