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Originally Posted by raeanna74
I could only justify keeping it under very specific circumstances.
1. You found it.
2. You posted "Found - ipod - Call 333-3333 to identify" in a prominent place and in the same location that it was lost.
3. If someone was looking for it you gave it to them.
If you've done all those and they still haven't come to get it - keep it. It does sound like someone did come in looking for it and since you saw the person you should attempt to get it back to them.
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Despite common belief in this being legal, it is not. Unclaimed property belongs to the State, not the finder. Moreoever, in this instance, it is claimed property. The OP stated that the person attempted to retrieve the iPod shortly after losing it.
Simply, there is NO legal fashion to retain custody of this iPod.
This page is from Washington, but AFAIK all states have similar laws.
http://ucp.dor.wa.gov/holderContent.aspx