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As long as it is not stolen, to keep your ass outa trouble go to the police and tell the police the story on whats going. I had this same problem only thing is that I paid for the item and they reported it stolen, so I'm out $400 and a decent laptop.

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This would be a lesson for answerer number one to keep receipts. If someone gave me something then threatened to report to the police that I had stolen it. I would immediately return the item to that person and that would be it. No "thing" is worth the unnecessary hassle of trying to clear my name. It should also be a lesson to not accept "gifts" from someone you don't know well enough and don't know their motive for giving it to you.

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Q: What do you do if someone gives you something then later threatens to report that you stole it?
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