I found a purse that didn't have an id in there so I don't know who it truely belonged to. There was a pay stub, a bank receipt and $1200 cash, but their was mail with several people's name on it in there. There was also an iPhone whereas some chick kept calling the phone asking if I can return the bag. At first I said yes, but I couldn't verify that it was hers stuff, so I eventually kept the money and sold the phone to my friend for $200. Some how she got his address and showed up at the apartment building looking for her phone, but she didn't know his apartment number. I told him to turn the phone off and take out the SIM card. Last night the police knocked on all the doors in the building. Are there any laws that say you must return found merchandise?