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There handing this dude a very very large check for defamation and malicious prosecution unless they took it out of a wallet given that it’s completely legal to keep found loose money without looking for the owner.
Technically in most jurisdictions in the USA you’re supposed to make a reasonable effort to find the owner (eg asking nearby people if they dropped it) and then turn it into the police. If no one comes forward to claim it you are then entitled to it
However in a practical sense no one would do this (except maybe the ask if someone dropped it part) and the police would steal the turned in money 9.9 times out of 10