Mo. treasurer says 10-year-old who found $10K should get to keep it

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KANSAS CITY, Mo. -- A 10-year-old boy who found $10,000 in his family's room at the KCI Hilton in 2013 is about to be $10,000 richer. Missouri State Treasurer Clint Zweifel made an unusual, but legal exception to Missouri state law.

Zweifel has written this letter to Kansas City, Mo. Police Chief Darryl Forte letting him know the Schaefer family can have the money that 10-year-old Tyler found much sooner than they thought.

READ: Treasurer's Letter to Forte

The Schaefer family did the right thing by turning over the money to the police, but did not follow other legal procedures to be able to keep the money they found. Because of that, they would have had to wait another four years to claim the money.

In the letter, Zweifel refers to a section of the statute that says: "nothing in this chapter shall prevent the treasurer from accepting property prior to the date it becomes unclaimed or abandoned."

Tyler found the cash in a drawer in the hotel room. Proper procedure states the finder file an affidavit within 10 days of finding the money and posting public announcements about what they found.

If no one comes forward within 40 days, the money can go to the finder. The Schaefers missed the 10 day filing period, so the money would have had to sit for a total of five years before being eligible for claim.

A representative from Zweifel’s office said that as soon as Chief Forte sends the money to the state treasurer’s office, he will go about the procedure of releasing it to the Schaefer family.

In the letter, Zweifel says the Schaefers did the right thing by turning the money over to police, and he believes expediting this process is the right thing to do.

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