4 ms·

Your coffee bean analogy isn't sound. If someone steals a 50lb bag of beans and sells them to me, I am now in possession of 50lbs of stolen property. If I sell

Your coffee bean analogy isn't sound. If someone steals a 50lb bag of beans and sells them to me, I am now in possession of 50lbs of stolen property. If I sell 25lbs of the beans before the police catch me, they will confiscate the remaining 25lbs of beans and those beans become evidence. Then I will go to jail for receiving stolen property. Then the victim will sue me in civil court for reimbursement of 50lbs of beans. Just because you can flip something that's stolen doesn't mean it's gone forever. The victim in either case doesn't care which beans or coins they get. They just want the value of n coins. You could probably skip giving him any coins at all and just reimburse him a dollar amount for the value of his property.

Canada 7y ago
Let me put this another way. Please remember that for the purpose of this discussion the receiver of the stolen goods and the person they are sold onward to are 100% innocent and nobody suspects them of being dishonest. If the receiver was in on it then this does not apply. If someone stole 2 iPhones from you and sells them to a used phone dealer, who then sells those very 2 iPhones - your iPhones - to someone else, does the law require the used phone dealer to give you 2 other iPhones of the same model that he happens to have? I believe, and perhaps I am wrong here, that it does not. As the victim you may well be happy to made whole with 2 other identical iPhones but that is not what will happen. Furthermore, the used phone dealer will not be required to pay you any of the money he received from the buyer of your phones or reimburse you for the cost of your phones. If the dealer had sold only 1 of the phones then you would get that back and not have to compensate the dealer for his loss resulting in paying the thief. If the items were such that you cannot prove you own it, such as with coffee beans, then you get absolutely nothing. You do not get some fair volume of them to compensate you. That is how I understand the way stolen property is handled in general currently. I am not attempting to pass a moral judgement about it, merely describe how it is. (may not be so in all jurisdictions, but in CA/US/UK/AU/at least some parts of SE Asia)
- wolco 7y ago
  Someone steals your phone. You can sue that someone for the value of lost property if caught or if the police recover money. If he sells down the line. Police will follow the chain and if the property is found it will be taken and it will be used in trial and recovered back to you. The people who bought the used phones may lose them. If they do they can sue the store. If the store hasn't sold them they will lose them and can sue the orginal thief.
  - Blake_Emigro 7y ago
    Pawn shops hold the goods they purchased for 30 days to give time for someone to make a claim against them as property that was stolen from them. (This is my experience in Canada anyway.) In theory, exchanges could do the same thing for deposits above a certain amount, but this would presumably hurt their business the way things work right now.
    - protanopia 7y ago
      Don't pawn shops hold items because they are essentially lending money with the item as collateral. They don't sell the items right away because the person that sold them to the pawn shop has the right to repay the loan and reclaim the item within a certain period of time.
      - Blake_Emigro 7y ago
        Yeah, I guess it's both things.

Canada 7y ago

Let me put this another way. Please remember that for the purpose of this discussion the receiver of the stolen goods and the person they are sold onward to are 100% innocent and nobody suspects them of being dishonest. If the receiver was in on it then this does not apply. If someone stole 2 iPhones from you and sells them to a used phone dealer, who then sells those very 2 iPhones - your iPhones - to someone else, does the law require the used phone dealer to give you 2 other iPhones of the same model that he happens to have? I believe, and perhaps I am wrong here, that it does not. As the victim you may well be happy to made whole with 2 other identical iPhones but that is not what will happen. Furthermore, the used phone dealer will not be required to pay you any of the money he received from the buyer of your phones or reimburse you for the cost of your phones. If the dealer had sold only 1 of the phones then you would get that back and not have to compensate the dealer for his loss resulting in paying the thief. If the items were such that you cannot prove you own it, such as with coffee beans, then you get absolutely nothing. You do not get some fair volume of them to compensate you. That is how I understand the way stolen property is handled in general currently. I am not attempting to pass a moral judgement about it, merely describe how it is. (may not be so in all jurisdictions, but in CA/US/UK/AU/at least some parts of SE Asia)

wolco 7y ago
Someone steals your phone. You can sue that someone for the value of lost property if caught or if the police recover money. If he sells down the line. Police will follow the chain and if the property is found it will be taken and it will be used in trial and recovered back to you. The people who bought the used phones may lose them. If they do they can sue the store. If the store hasn't sold them they will lose them and can sue the orginal thief.
- Blake_Emigro 7y ago
  Pawn shops hold the goods they purchased for 30 days to give time for someone to make a claim against them as property that was stolen from them. (This is my experience in Canada anyway.) In theory, exchanges could do the same thing for deposits above a certain amount, but this would presumably hurt their business the way things work right now.
  - protanopia 7y ago
    Don't pawn shops hold items because they are essentially lending money with the item as collateral. They don't sell the items right away because the person that sold them to the pawn shop has the right to repay the loan and reclaim the item within a certain period of time.
    - Blake_Emigro 7y ago
      Yeah, I guess it's both things.