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Wow, the only thing this can result in is if you drop your wallet, nobody will pick it up, because they'd get handcuffs slapped on them as soon as they opened the wallet to find contact info.
I've found cell phones in cabs, and obviously you go through them and call some of the numbers inside to try and return it to it's owner. If I found a credit card I would call the bank to try and find the owner.
This is why nobody trusts the cops.
Although I do agree with other that bait cars are a great idea, bait bags are definitely not a good way to catch criminals.
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