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News (Media Awareness Project) - US GA: Wire: Georgia Couple To Keep Lost Money
Title:US GA: Wire: Georgia Couple To Keep Lost Money
Published On:1999-09-14
Source:Associated Press
Fetched On:2008-09-05 20:18:27
GEORGIA COUPLE TO KEEP LOST MONEY

RINGGOLD, Ga. (AP) _ More than a year and a half after Kathy Fulton found
two plastic bags stuffed with $279,000 in her driveway, a judge has ruled
she and her husband can keep 40 percent of it. That means the Fultons get
$111,616.

No, wait! Their attorneys get a one-third contingency fee, so that leaves
$74,000.

Oops! Don't forget Uncle Sam. After federal taxes are taken out, the couple
will have about $50,000.

Despite their shrunken share, the Fultons' lead attorney, James McKoon,
said the couple couldn't be happier. He said Monday they plan to use it to
help pay off their home mortgage.

Mrs. Fulton found the cash in December 1997. She ran over the bags on her
driveway while taking her children to school.

Tests revealed the bags were tainted with cocaine and traces of chemicals
used to make methamphetamine. Authorities believe the cash was part of a
money-laundering operation in Tennessee and Georgia, and prosecutors argued
all the money should go to the government.

The couple settled for 40 percent. A federal judge approved the deal in
July.
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