I suppose there’s also situations where a person knows you’ve stolen something and they go to you and they say look if you don’t return this I’m going to you know go to the police. I suppose you could return the good in that situation and then you’re at the mercy of the person. They could still go to the police but I guess morally that would be up to you whether to return the good. Morally, personally I would if I was in that situation but you’re opening yourself up to a charge and the person may just suspect that you’ve stolen it. They can’t prove it. So it’s totally up to you what you want to do in that situation.
So the short answer to that original question is if you’ve been charged with theft returning the good is not going to help you get the charge dropped. It might mitigate your sentence. In other words lessen your sentence.
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