Ridiculous?

http://www.theregister.co.uk/2011/08/31/mcdonalds_woman_wooden_ipad/

In that incident, she LOST $300. In this one -if true- he GAINED $200. Whether or not he thought it was a "lost iPhone 4" and thought it was moral, ethical, legal, fair, right, or okay to just resell it (if it was not a prototype and if it possessed personal data) is another matter.