What to do with a found lost/stolen iphone5?

My friend lives out in practically the middle of nowhere, and one day when driving into town he noticed what looked like a phone in the middle of the road. So he stopped and picked it up. It turns out that its an iphone 5! The screen was shattered (for obvious reasons) but other than that, it really didn't look to be in too bad of shape. He took it into some store to try to find out about returning the phone to owner or whatever ( and however it all happens or what the protovcol is I have no clue) but apperently that was to no avail because he now has the phone back. So he decided to get it fixed… The screen had to b replaced and the "crystal"( i think is what its called ) had to be fixed/replaced or whatever too. So he has put a good chunk of change into fixing this thing… Just to find out that NOW its locked or something and may have been reported lost/stolen but noone can seem to help find or locate or anything the owner! So… What now? Its going to be a real shame if he just spent basically almost as much as the phone cost brand new by fixing it just to not be able to use it or even be able to contact owner to maybe work something out!

Run recovery mode: http://support.apple.com/.../kb/HT1808

If that doesn't work run DFU mode.

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