Yes I've made the decision to give it back to the owner yesterday by calling them and giving them my name and number. Im just trying to figure out what other options do I have? Seems like I'm always doing the right thing for others and not the other way around. I already told the owners I am going to the Cobb county police department and see what they say since the guy who I know didn't really sell it and he texted me saying he "didn't know" it was another persons phone. So that's all he has to say to get off the hook and while I do not have the actual guys information, it's pretty much useless for criminal charges.
Tell both of the parties involved since it appears you bought an either lost or stolen item, you are turning it over to the police with all the details you have of the transaction. The problem may just end up resolving itself at that point.

