Identity of Millionaire Behind 'Hidden Cash' Revealed

Palo Alto's Jazon Buzi says the money drops will continue

By John Johnson,  Newser Staff

Posted Jun 7, 2014 6:33 AM CDT

(Newser) – The anonymous person leaving envelopes of cash around California in scavenger-hunt fashion is anonymous no more. Jason Buzi, who made millions flipping real estate, is the man behind the "@HiddenCash" frenzy. After initially denying a report at Inside Edition to that effect, the Palo Alto resident confirmed it to the website the Bold Italic. "I really am just trying to give back," he says. Buzi says being outed won't stop the campaign—in fact, he says he's got other donors lined up with plans to expand. Drops are scheduled in San Francisco this weekend, with hints coming as usual via Twitter.

Buzi tells the San Francisco Chronicle that he wanted to stay anonymous because he "had some publicity before and nothing good ever resulted from it." He might well be referring to a 2012 story in the Palo Alto Weekly questioning his business tactics. Along those lines, Buzi says he is aware of the criticism that his stunt is insensitive to those who got hurt in the foreclosure crisis. "I wasn't born wealthy," he tells the Bold Italic. "So many people I know have done better than me, and they're not doing anything to give back. So it's strange for someone who gives back to be criticized for how they give money." (Click to read about a recent cash drop in Burbank.)

  (Shutterstock)
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