A year and a half after the whole “Gizmodo buys a lost iPhone 4” case, the San Mateo District attorney levied a decision in the matter.
Interesting that they use the terms “misappropriation of lost property”. Perhaps the statements about “stolen” were premature and inappropriate.
Gawker/Gizmodo had this to say:
We’re interested to hear what Apple has to say on the matter and of course have reached out.
The penalties for violating CA Penal Code 485 PC are defined as up to a year in county jail and a $1,000 fine.
