Tag: Money

North Texas man finds more than $128,000 on top of a bank’s ATM; and returns every dollar

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Chase ATM displaying stacks of U.S. dollar bills

A routine trip to a Lewisville ATM could have changed one man’s financial life a bit. Instead, it revealed something rich about his character. Lewisville police say a 37-year-old man found a bag stuffed with $128,514 in cash sitting on top of a Bank of America ATM on West Main Street on Aug. 3. There was also a smaller bag containing 19 checks. Not a dollar of the cash was missing when the police got it. “I’ve never had a case like this before, ever,” Lewisville Police Detective Gina Miller said.

According to a police report, the man and a 42-year-old woman had gone to the ATM to withdraw money when they spotted the bags. The information on one of the bags pointed to Chick-fil-A. The man, who is a barber in Lewisville, asked not to be identified. He told CBS News Texas he couldn’t speak about the incident. Police said he was the person who called 911. Police say he drove to a nearby Chick-fil-A, believing the money might belong to the restaurant. A manager told him it did not. Inside the cash bag was a bank receipt showing exactly how much money was supposed to be there: $128,514.

That’s exactly how much police counted. An officer counted the money twice and verified the total with a digital currency counter before the cash was sealed and secured in the Lewisville Police Department property room. “I think to find that kind of money, or that amount of money, is certainly rare,” Lewisville Police Chief Brook Rollins said. “That’s very unusual. And then to not find it connected to any criminal activity is certainly unusual.” How $128,514 was left behind at a Lewisville ATM Police reports show the money belonged to Bank of America and was being handled by its cash vendor, Brinks.

Investigators said a Brinks technician serviced the ATM and was supposed to take the money, but accidentally left the funds on top of the machine. Police found no indication that the cash was connected to a crime. “The bag was just sitting there,” Miller said. “There was no indication of a crime occurring. It looked like it was just left there by accident.” Bank of America has since recovered the money. Brinks declined to discuss the specifics of the incident, saying in a statement that, as a general practice, it does not comment on law enforcement matters involving the safety of its employees or others.

Lewisville police want to honor the man who returned the money Police say they now want to recognize the man whose decision made the unusual case even more remarkable. Miller has handled cases involving people returning wallets, IDs and other lost property. But six figures in cash? “I’ve had cases where good Samaritans have turned in property that they found, wallets, IDs, things like that,” Miller said. “But in the case of $128,000, I’ve never had somebody turn in that kind of money before.” Rollins said the episode also demonstrates how much police departments depend on the communities they serve. “We are one half of the equation, the police; the other half is the community,” Rollins said.

As for why the man handed over a bag containing enough cash to make almost anyone stop and stare, Rollins offered a simple explanation. “I just think he just thinks it’s the right thing to do and doesn’t think it goes beyond that,” Rollins said. For Lewisville police, the case came with no robbery, no theft and no missing money. Just $128,514 — and one man who decided every dollar belonged to somebody else. Miller said there is no “Finders keepers, losers weepers.” The detective said people have to do due diligence to return what’s discovered or end up in trouble with the law.   The man told CBS News Texas that if the police department honors him, he’ll gladly attend a private ceremony.

Source: North Texas man finds more than $128,000 on top of a bank’s ATM — and returns every dollar – CBS Texas

Hear, O Israel: The LORD our God, the LORD is one! You shall love the LORD your God with all your heart, with all your soul, and with all your strength.
Deuteronomy 6:4-5

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Elon Musk becomes the world’s first trillionaire with SpaceX’s IPO

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Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share and its stock soared in its stock market debut. Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet’s second-richest person, Google co-founder Larry Page, who is worth an estimated $288 billion, according to Forbes.  “SpaceX wants to be able to take you to the Moon, take you to Mars and ultimately beyond,” Musk said at a launch event with staffers on Friday at the company’s headquarters in Starbase, Texas.

SpaceX formally setting its stock price at $135 boosted Musk’s fortune to just over $1 trillion. The shares, which trade under the ticker symbol SPCX, jumped after they began trading shortly before noon ET. At its closing price of $160.95 on Friday, Musk’s net worth reached roughly $1.14 trillion, although future declines could push him back below the trillionaire mark. While billionaire wealth alone may be hard enough to comprehend, a trillionaire represents a level of wealth that rivals the economic output of the world’s biggest nations. Only 19 countries have GDPs that surpass $1 trillion, ranging from the U.S. to the Netherlands, according to World Bank data.

Musk’s surging fortune represents a “new Gilded Age” of wealth inequality, Oxfam America senior director of economic justice Nabil Ahmed said in a statement.   “Elon Musk’s rise to trillionaire status marks a new pinnacle of oligarchy,” Ahmed said.  To be sure, plenty of other SpaceX employees and investors are likely to mint new fortunes with the IPO. About 4,400 SpaceX workers could become millionaires when the stock begins trading, according to the New York Times. But Musk is likely to be the biggest beneficiary, given his large stake in the business. Trillionaire math Musk owns 4.8 billion shares of SpaceX, or about 42% of the company, as well as 350 million stock options exercisable at $8.39 per share, according to the company’s IPO filing.

At $135 a share, Musk’s stake is worth $648 billion. His options add another $44.3 billion to his net worth.  Because Forbes valued Musk’s pre-IPO stake in SpaceX at $500 billion, the IPO sale boosts the value of his SpaceX shares by an additional $192.3 billion, bringing his total net worth to $1.005 trillion.  SpaceX shares touched as high as $168.75 in Friday afternoon trading before closing at $160.95. At the closing price, Musk’s stake in SpaceX is worth an additional $326 billion, placing his total wealth at roughly $1.14 billion.

Source: Elon Musk becomes the world’s first trillionaire with SpaceX’s IPO – CBS News

So teach us to number our days, That we may gain a heart of wisdom.
Psalm 90:12

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Obama Foundation CEO Valerie Jarrett earns $740,000 as executive payroll doubles

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us dollar bills

Former Obama White House officials command high salaries at Obama Foundation as executive payroll hits $43.7 million, with CEO Valerie Jarrett earning $740,000.

As construction nears completion on the long-delayed $850 million Obama Presidential Center, federal tax filings show the Obama Foundation paid CEO Valerie Jarrett $740,000 in 2024 while several former Obama White House officials collected six-figure salaries as foundation executives.

Source: Obama Foundation CEO Valerie Jarrett earns $740,000 as executive payroll doubles | Fox News

For whoever desires to save his life will lose it, but whoever loses his life for My sake will save it.
Luke 9:24

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For the Love of Money

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For the Love of MoneyMoney

Matthew 19:1-30 In this example Jesus was approached by a young man who asked how he could make it to heaven. The man was well to do and he had a lot of money. This example that is used can be used in many facets of our lives. When we make something more important than God we are telling Him that He is not as important to us as this item we hold so high. This is a form of idolatry, this example is not an instance that says we will not be accepted or that Jesus is not our savior. There are some that reference verses 16-17 and say this is Jesus saying we will never be good enough to make it to heaven. Let’s read the whole example to see what it says:

16 Just then a man came up to Jesus and asked, “Teacher, what good thing must I do to get eternal life?” 17 “Why do you ask me about what is good?”  Jesus replied. “There is only One who is good. If you want to enter life, keep the commandments.” 18 “Which ones?” he inquired. Jesus replied, “‘You shall not murder, you shall not commit adultery, you shall not steal, you shall not give false testimony, 19 honor your father and mother, and ‘love your neighbor as yourself.”20 “All these I have kept,” the young man said. “What do I still lack?” 21 Jesus answered, “If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me.” 22 When the young man heard this, he went away sad, because he had great wealth. 23 Then Jesus said to his disciples, “Truly I tell you, it is hard for someone who is rich to enter the kingdom of heaven. 24 Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.” 25 When the disciples heard this, they were greatly astonished and asked, “Who then can be saved?” 26 Jesus looked at them and said, “With man this is impossible, but with God all things are possible.”27 Peter answered him, “We have left everything to follow you! What then will there be for us?” 28 Jesus said to them, “Truly I tell you, at the renewal of all things, when the Son of Man sits on his glorious throne, you who have followed me will also sit on twelve thrones, judging the twelve tribes of Israel. 29 And everyone who has left houses or brothers or sisters or father or mother or wife or children or fields for my sake will receive a hundred times as much and will inherit eternal life. 30 But many who are first will be last, and many who are last will be first.

It expresses the importance of making God your world, your purpose and motivation. Jesus Christ is the one true God. Do not put other “stuff” before Him.   John 14: 6 Jesus answered, “I am the way and the truth and the life. No one comes to the Father except through me. 7 If you really know me, you will know my Father as well. From now on, you do know him and have seen him.”