Quoted: You better strip it for parts ,discard / grind any serial #"s. It"ll cost you more in court to clear this up than it would to buy a new bike if your in possesion. Not to mention a nice felony rap.
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I dare you to take this advice
No I didn't know it was stolen...grind grind grind...I swear officer.
run the vin, file for lost title, whatever. You bought the bike legally, they cannot prove you stole it
innocent unless they can prove you guilty.
I would try to find out who the vin is registered to first, contact that person if you can, and see if the two of you can sort this out. Chances are the ins already paid for it, and maybe the guy would sign it over to you. I don't know how that would work, but it's a possibility.
If the cops get involved, the bike is gone, but this is still planet earth, and they cannot prove you stole it.
In fact, you have proof that you bought the damn thing. CASE CLOSED!!!