I bought an used iphone 5 through Craigslist for relatively cheap.
It's not perfect cosmetically, but fully functioning. When I was buying this phone we had some issues, well, I think I had some issue with the seller. He seemed not that trustworthy; however, I ended up buying it since verzion staff told me that this phone has clean ESN, and is deactivated. So I activated the phone with my number, and it is working right now.
Although he said it's his, but what if it's a stole phone, and THE REAL OWNER reports as "stolen", What is the outcome? And what could happen to me?