Contractor, homeowner at odds over USD 500,000 found in bathroom walls - Page 2 - Mercedes-Benz Forum

LinkBack Thread Tools Display Modes
post #11 of 14 (permalink) Old 12-13-2007, 02:04 PM
worst mod in BW history
ThrillKill's Avatar
Date registered: Apr 2005
Vehicle: ML CLK Iridescent Hyundai Accent lol,GoPed Freightshaker & Volvo semi's, c'mawn?
Location: Chicago
Posts: 27,762
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Lifetime Premium Member
Belongs to the home owner, end of story. Even if Indiana Jones had to dodge rolling boulders to get inside the house the contents within belong to the owner. The guy should have kept his trap shut. Take the money and run.


ThrillKill is offline  
Sponsored Links
post #12 of 14 (permalink) Old 12-13-2007, 05:16 PM
BenzWorld Elite
mcbear's Avatar
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 2 Post(s)
If anyone but the homeowner gets to keep the money maybe Gonzales is the Lawyer of the year.

Greed, Avarice and Hubris are going to kill this country.


Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #13 of 14 (permalink) Old 12-13-2007, 11:53 PM
BenzWorld Elite
shrimpton's Avatar
Date registered: Aug 2002
Vehicle: '90 560SEL, V8 Landcruiser, Toyota S/Wagon
Location: Christchurch, New Zealand
Posts: 2,551
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
What a totally miserable story.
As someone has already said, lawyers fees will EAT hungrily into this 'trove'.
How much nicer if it was split three ways - finder, house owner, and a charity (assuming no hiders heirs).
Reminds me of that old 'tight arse' thing about never buying and giving a lottery ticket for someone else without the ground rules being an agreed 50/50 winnings split.

Last edited by shrimpton; 12-13-2007 at 11:55 PM.
shrimpton is offline  
post #14 of 14 (permalink) Old 02-06-2008, 01:41 PM Thread Starter
Jakarta Expat's Avatar
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
Woman whose contractor found cash in her walls says it's all gone now

Worldwide publicity about a treasure trove of Depression-era money found in a West Side home's walls has prompted claimants to come out of the woodwork.
But there's a problem: There may not be much left to fight over.

Homeowner Amanda Reece told probate court Magistrate Charles Brown she spent about 90 percent of the $182,000 bounty found by a remodeling contractor 20 months ago.

"Most of this money is not available -- it's gone," attorney Skip Lazzaro, who represents Reece, confessed in court on Tuesday.

Reece wouldn't say how she spent the stash. She socked away the remaining $18,000 in her mother's safe-deposit box in December, shortly after The Plain Dealer reported a feud between her and the contractor, Bob Kitts of Lakewood, Reece said.

Since then, heirs of the home's colorful former owners, Patrick J. Dunne and the sister-in-law to whom he willed the 84-year-old Edgewater Drive house, have hired attorneys to stake their claim.

Egidijus "Gid" Marcinkevicius, a Euclid attorney working for Dunne's heirs, sued Reece last month and has vowed to grill her about the supposedly spent fortune in a Valentine's Day deposition. Kitt's lawyer, Patrick Farrell, said he also is drawing up a suit accusing Reece of conversion, or stealing.

Now, Brown or another judge may decide a question that has stirred a buzz in law schools, contractor circles and the court of public opinion: Who owns the money?

"This is a very unique case," Brown mused from the bench. "I've never seen one like this before."

It started in May 2006, when Kitts knocked a hole in Reece's wall and found boxes of cash wrapped in paper marked "P. Dunne."

Kitts could have kept the money and it's unlikely anyone would have been the wiser. The estates of Dunne and his sister-in-law who inherited the house, Agatha Gannon, were settled decades ago without any mention of the money.

Instead, Kitts called Reece at work, and the two rejoiced together. They also had a coin dealer appraise the 70-year-old currency -- including hyper-rare $500 and $1,000 bills. Its putative value: some $500,000.

Then everything went bad. Kitts claims Reece offered a lowball reward and then reneged. He and his attorney then confronted Reece with a peculiar Ohio law that they and some legal scholars believe gives Kitts the right to all of the money -- a sort of "finders-keepers" doctrine rooted in old common law. Kitts said he didn't want to invoke the law, but wanted a 40 percent cut.

Reece withdrew her offer and denounced Kitts' action as a shakedown. He took his complaints public.

"They shoulda just chopped it up," Marcinkevicius said, chuckling. "You know what I call this in my office? The greed case."

Once the standoff made headlines, a Euclid firm that tries to link unclaimed money to its rightful owners went to work.

Larry Morrow and Ray Whitaker of Worldwide Finders Inc. say they found 20 nieces and nephews named in Gannon's will. The self-described forensic genealogists, hoping for a cut of the found money as a reward, dug into records, jumped on the phone and tracked down seven living Gannon heirs, plus numerous descendants of the other 13.

"We had people identified within 24 hours of seeing the article," said Morrow. "It's been fun."

The heirs and some public records portray Dunne as an Ireland-born businessman who came to Cleveland from Chicago around 1910 with his wife, the former Mary Gannon -- who also was Dunne's first cousin -- and her younger sister, Agatha Gannon. Here, he prospered as a business partner of Cleveland Browns founding owner Arthur "Mickey" McBride, and reportedly owned shares of the Browns, Thistledown, Yellow Cab Co. and a publishing firm.

Patrick Dunne died a widower in 1966, and left the house to Agatha Gannon. She died unmarried and childless in 1974, leaving a $600,000 estate to her nieces and nephews.

The house has changed hands six times in the 40 years since Gannon died, Lazzaro said.

It's awfully late for anyone in her lineage to stake a claim, Lazzaro argued, and neither the heirs nor Kitts should get a cent.

If she should lose, Lazzaro hinted that bankruptcy would be an option. But she can't lose, he predicted.

"We believe they're Miss Reece's assets," he declared. "It's her house."
Jakarta Expat is offline  
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode

    Similar Threads
    Topic Author Forum Replies Last Post
    0.987 USD == 1.000 CND taylor192 Off-Topic 19 09-20-2007 06:17 PM
    Rocket Belt - 250.000 Usd Gert Off-Topic 0 03-29-2007 03:42 AM
    2 will get you 10 - 10,000 USD fine that is Jakarta Expat Off-Topic 1 11-29-2006 07:46 AM
    Hi found A 1995 sl 500, 20,000 miles, little body damage ziggy06 R129 SL-Class 13 03-26-2006 12:00 PM
    Best luxury sport car under $70,000 usd ajoe R171 SLK-Class 1 12-03-2004 07:04 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On


    Title goes here

    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome