Gizmodo could end up paying more than just $5,000 for the iPhone 4G. CNET reports that Silicon Valley police are investigating the incident. Apple has spoken with them about the whole debacle, and a computer crime task force is on the case.
While news outlets are protected when it comes to revealing leaked confidential information, the line is somewhat blurrier when money changes hands. Under California law, a person who finds lost property and knows who the owner is, is guilty of theft if he “appropriates such property to his own use”.
The fact that the property here was worth more than $400 means that charges of grand theft could technically be filed. Hopefully, things won't go that far.
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