Cash in old television set
GEEP has a de-manufacturing area, which is like an assembly line, where components are taken apart and broken down - including millions of pounds of televisions every year. Contributed photo
Talk about found money!
A man is $100,000 richer after a Barrie recycling company found a cash box in an old television set.
The money was placed there by a 68-year-old Bolsover, Ontario man more than 30 years ago. It's what city police believe to be an inheritance from his parents, to be put away for a rainy day.
“It was a very odd story, for sure,” said Const. Nicole Rodgers.
After being in GEEP's John Street yard for a few weeks, waiting to be recycled, the TV was dismantled by a company employee on Jan. 13.
A cash box and banking records dating back to 1985 were found.
“Inside a television was a small box containing a large number of $50 bills, and there was a piece of paperwork that had a person's name on it and bank information, but it was (from) several decades ago,” said Lew Coffin, GEEP's vice-president of operations.
“Our employee came forward, reported it to our supervisors, we put the money in our safe, secured it. This all occurred on a Friday,” he said. “By Monday we were talking with the police and they were able to find the original owner through that paperwork that was inside the television.
“We're pleased with that, and happy that it could be returned to the rightful owner.”
Coffin declined to offer the GEEP employee's name.
But interviews, as well as a review of the bank records, led police to the money's owner – whose name was on the paperwork.
Rodgers said the man did not want to be identified.
But the cash box and banking records had been placed in the television for safe keeping, and then, somehow, forgotten about. The TV was passed on to a friend who was unaware of its contents.
He dropped the set off at Barrie's GEEP recycling depot to be stripped of any valuable materials and then disposed of, just like any old TV.
Coffin said GEEP has what's called a de-manufacturing area, like an assembly line, where components are taken apart and broken down. Millions of pounds of televisions are disassembled there every year, he said.
Bolsover is located in the Kawartha Lakes area.
GEEP, or Global Electric Eloctronic Processing, has been in Barrie since 1984, just before this money was socked away.