Stole an iphone 4s and guilty?

Saw an iphone in school?
i saw a phone in my school, and intended to keep it for my own use. And after awhile keeping it, my friends convinced me on returning it back to the owner so i did agreed and gave it back, it happened on wednesday and i've given back the phone on the next week monday, the phone was reported lost, on friday. Its my first time i have ever been in a police case, & i have total regret of taking it & delaying the time of giving it back. Is there any punishment being taken to me?

What did you tell the owner? I'd have just told them that I only recently found it, and here it is.

As you've found it and given it back, chances are you're not going to get into any sort of trouble- assuming you didn't say anything stupid, all anyone knows is you found it and returned it.

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