"Californian penal code Section 496 does indicate that buying a $5,000 stolen item would be a felony, so that remains a very real possibility. In California, "[e]very person who buys or receives any property that has been stolen, knowing the property to be so stolen or obtained " is eligible for conviction. The felony charge can carry up to a year of prison time, if the defendant is found to be guilty." - DailyTech article Really... Prison time over a phone that some drunk jerk-off left on a bar stool? What are your thoughts?