Police stop gift-giving Indiana 5th-grader with $10,000

WSBT 24/7 News

Story Created: Dec 23, 2009 at 7:35 AM EST

Story Updated: Dec 23, 2009 at 7:35 AM EST

SELMA, Ind. (AP) — Police say a fifth-grader handed out about $300 to others on the bus ride to his eastern Indiana school. Problem is that they say the cash was part of some $10,000 he took from his grandparents' safe.

Delaware County Sheriff George Sheridan says the boy was riding to Selma Elementary School when he handed out the money on Friday, the last school day before Christmas vacation started.

Children who received the ones, fives and twenties told teachers and the principal and the sheriff's department was called.

Officers found the boy carrying the rest of the cash, which was returned to his grandparents. Police weren't certain what he intended to do with the money or how he got it from the safe.