View Mobile Site

Substitute teacher becomes heir to $7.4M gold fortune

Text Size: Small Large Medium
POSTED December 14, 2012 8:52 p.m.


CARSON CITY, Nevada (AP) — A substitute teacher from California was found to be the only heir to a fortune of gold coins discovered by a cleaning crew in the home of a reclusive cousin who quietly stashed away a treasure of more than $7 million before he died this year.

A court hearing in Carson City is scheduled Tuesday, when a judge is expected to certify first cousin Arlene Magdanz as the lone heir to the treasure valued at $7.4 million found in the home of Walter Samaszko Jr., Carson City Clerk-Recorder Alan Glover told the Nevada Appeal.

Samaszko, 69, lived a quiet life in Nevada's capital city since the late 1960s and no one apparently knew of his wealth. Records show he withdrew just $500 a month from his stock accounts to pay modest bills, said Glover, who was handling Samaszko's affairs as public administrator.

Samaszko apparently had no living family in Carson City, so genealogical researchers went to work to find relatives elsewhere. They found Arlene Magdanz is the only living heir. Magdanz could not immediately be reached for comment.

A crew hired by Glover to clean up the man's house discovered the eye-popping stash: boxes of gold coins and bullion in the garage. More boxes were later found, and Glover said the gold coins, some neatly wrapped in foil and plastic cases, were enough to fill two wheelbarrows.

 

Commenting is not available.

Commenting not available.

Please wait ...