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Homeless Man, Timothy Yost, Finds $77,000 In Texas Park, Is Allowed To Keep It

First Posted: 06/14/12 12:00 PM ET Updated: 06/15/12 11:36 AM ET

After months of investigations, the City Council of Bastrop, Texas, has decided to let a homeless man named Timothy Yost keep the $77,000 worth of cash and collectible gold coins that he found by the Colorado River earlier this year, Fox 7 News reports.

"It means everything to him. He has a whole future ahead of him. He has the opportunity to make plans and have a real future," Aleta Peacock, Yost's attorney said after the City Council's announcement.

Yost was washing his feet in the river this January when he spotted the bag full of $100 bills and Kruggerand coins (gold collector coins from South Africa worth more than $1000 each) in a Bastrop park.

The homeless man had brought the cash -- which was wet -- to a bank to trade them in for dry bills. But the bank teller, thinking that a crime might have been committed, called 911.

The loot was quickly seized and a lengthy investigation began.

According to KVUE.com, Yost has been fighting to reclaim his find from the city ever since.

This week, after a long period of uncertainty, Yost will finally be reunited with the money.

Bastrop police, with the help of the FBI, have determined that the bag is not linked to a crime and the rightful owner has not been found.

Reminiscing over the challenges he's faced as a homeless man, including having to eat out of a garbage can, Yost told Fox 7 News that he is keen to start a new chapter in his life -- complete, of course, with a few new purchases.

"I've been walking for so long, the first thing I want is a vehicle," he said.

Yost was unfortunately not present when the City Council made its announcement as he is currently in county jail on a public intoxication charge. The Fox 7 News report also stated that Yost was imprisoned for criminal trespass -- a typical charge against the homeless.

Watch the Fox News report below:

 
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10:10 AM on 06/18/2012
if black: "put your hands behind your back for robbery. we don't know who you robbed but you won't get this money."
06:35 PM on 06/17/2012
MMM! IT JUST BECAUSE HE WHITE YO!
10:20 AM on 06/17/2012
Congratulations to the man. No one knows of his hardships and yet people are so quick to judge a person. Yes, he is homeless and yes statistically homeless people do become alcoholics. But what do you expect? Society craps on you for being unfortunate so why would you feel the need to 'look out' for your health? They rather drink and forget about their bad lifestyle. Why do you think they don't eat fancy salads or healthier foods? People are so quick to assume that they know what is going to happen in another's life. Here's a thought- mind your business, let people live and let a higher power be th JUDGE of everyone. #GetALife
09:41 AM on 06/16/2012
Good for him, I hope he does well,,,not to mention i have nothing more than disdain and contempt for bureaucratic BS,,,,I bet they did everything they could to keep him from getting that money,,,I'm so glad he had an attorney,,,there are things about our society i truly hate,,,and hate is a strong word
12:58 AM on 06/17/2012
Just enough money to drink himself silly, yeah, good luck
12:00 PM on 06/17/2012
What does such an omnipotent and unstained soul such as yourself propose as an alternative? This man must of course appease your divine ego as all know of your flawless character. Should this pathetic man willingly relinquish his claim, regardless of the fact that by rights, the currency is now his? Perhaps the filth known as "Yost, Timothy" (According to the Police Record, the scum that he is) should admit to his status of "worthless, alcoholic bum" as defined by your incorruptible character and thus, hand the assets over to one more qualified to spend such large sums. Why, one can only come to the conclusion that YOU must be the one most deserving of such a burden. Nevermind, you aint no judge and I would bet cash money that you aint no saint either. Your just a jealous hater attacking some poor dude who finally got a break in life. Here's to hoping you never get one yourself!