Found lost iphone? Can they track it down?

So we found this iphone 4 and then we left it somewhere forgot all about it for about 6 months now i checked it out and it has a password, i would like it if someone could like tell me how to hack it, but what i Really need to know is if i unlock it ( i have a friend ) can someone track me down and get me into trouble or something?

Added (1). What if i clear all info on it?

Some apps allow you to track Iphones; don't be a thief and you wouldn't have to worry

Does it have the find my iPhone app or any cydia tweak that allows you to track your iPhone via computer? If it does have that, then it could be tracked.

If there's a phone number provided to call if phone found, call it.

Yes it can be tracked very easy.
if you need a legit iphone, email me i have a few for sale or trade.

restored or not, it can be tracked thur the imei number/carrier or itunes.
it will most likely be blacklisted once reported lost or stolen making it useless as a phone.

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