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True and False. You only lose money if you have it with you. If you have it on your bank account, then you lose nothing besides some ammo upon death in GTA online.
FYI, these are the 200 random spawn locations:
http://gtaforums.com/topic/825577-the-weapon-pickup-hunt/
They randomly spawn per session.
You can also get the baseball bat, crowbar and molotovs there, which are not purchaseable.
Some people also loose their dignity, tears and temper ;)
Don't forget losing the respect of random people watching them lose those! XD
I gain a smile each time ;)