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Forgotten Fortune Found in Recycled TV

An unnamed man in Bolsover, Ontario, received an inheritance back in the 1980s. He hid $100,000 of it, in $50 bills, inside a television set. Then he forgot where he put it. Some time over the next 30 years, he gave the TV set to a friend, who used it until about a year ago, when it was sent to Global Electric Electronic Processing (GEEP) in Barrie, Ontario, for recycling. There the TV sat until last month, when it was taken apart. Employees were surprised to find a box full of cash.

Barrie police reunited a 68-year-old man from Bolsover, Ont., a village of about 400 people in the Kawartha Lakes region, with the cash, using banking records from 1985 to trace the owner. Police did not release his name because of privacy concerns.

“This is a unique situation where this large quantity of money was missing without anyone knowing it was missing,” Const. Nicole Rodgers said. “He hadn’t even realized with the police officers sitting in his house that they were speaking of the cash box with his money in it.

“In his mind, he thought it was still somewhere else in his house.”

There must be a safer place to keep one's savings, like maybe a mattress. Read more on the story at the Calgary Herald. -via Dave Barry

(Image credit: Flickr user Chris Butterworth)

Using a well known growth fund's 10 year average rate of return (6.9%) $100,000 invested in 1985 would be worth about $750,000 today.
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