Homeless Man to Keep $77,000 He Found on Riverbank

Man's rags-to-riches tale began with a lucky find of a bag full of cash and coins

View Comments (


    A homeless man in Texas gets to keep the $77,000 he found in a bag by a river.

    A bath in a river unexpectedly propelled one homeless Texas man from rags to riches — $77,000 of them.

    Timothy Yost, 46, has been allowed to keep the bag of cash and coins he found on a riverbank in January, after nobody else claimed it from the cops, the Austin American-Statesman reported.

    The city council of Bastrop, Texas, voted unanimously to give him back his life-changing find, after a city attorney told the council that a police investigation found no indication it had been involved in crimes.

    Bike Thief Wipes Out

    [NEWSC] Bike Thief Wipes Out
    Security cameras show karma catch up with a bicycle thief. Brandon Richard reports. 

    Yost had told cops he was walking down the banks of the Colorado River to wash his feet on Jan. 18 when he came upon a bag.

    He said he kicked it, heard jangling and then opened it to find 70 damp $100 bills and 40 Krugerrands, collectible South African gold coins. All told, the riches were worth $77,000, according to the American-Statesman.

    Yost went to the bank to try to exchange the wet bills for dry ones, but the suspicious bank teller told him she couldn't exchange them until they dried — and then called the police.

    Yost told police where he'd found the bag of money. They took it and gave him a claim receipt.

    After a month in the police department's evidence room, the money sat around for another three months waiting to be claimed before a property hearing determined the rightful owner.

    Yost, meanwhile, sued to get the money returned.

    "It is a great day for Mr. Yost," the lawyer who represented him said on the council's decision.

    There's just one more thing between Yost and his lucky find: Bars. He is currently in jail on charges of public intoxication and criminal trespassing and is awaiting release.