It's not that complicated, legally speaking. The rightful owner gets to get their stuff back, and the new "owner" has a claim against the purveyor of stolen goods for the purchase price.
The new "owner" will keep the bike as he has bought it in good faith.
The shop will claim that it cannot check every used bike.
The rightful owner could try to get money from the person who stole it (if found), but they most likely don't have any money.
It's the perfect crime and the reason why we cannot have nice bikes. People are literally sleeping with their expensive bikes in a room.
Surely we can trust hundreds and hundreds of small business owners to be very strict about law enforcement when it pushes against their financial interests, in a country with more bikes then people.
No stolen bikes end up in shops, no siree. Yeah right.
It seems it depends on the jurisdiction. In the US you can’t launder title for stolen goods like this. If you bought a stolen bike, well it sucks to be you. The bike goes back to the rightful owner.
ThrustVectoring|3 years ago
rompic|3 years ago
The new "owner" will keep the bike as he has bought it in good faith. The shop will claim that it cannot check every used bike. The rightful owner could try to get money from the person who stole it (if found), but they most likely don't have any money.
It's the perfect crime and the reason why we cannot have nice bikes. People are literally sleeping with their expensive bikes in a room.
tinus_hn|3 years ago
namaria|3 years ago
No stolen bikes end up in shops, no siree. Yeah right.
unknown|3 years ago
[deleted]
adastra22|3 years ago