Possession of a stolen iphone?

I bought the iPhone from a kid in my class he was asking ppl if they were interested in buying it I took a look at the. Phone and asked him how much expecting a high number he told me 80 I didn't believe him but told him if have the money in 2 periods so I call my mom to bring 80 and she does I meet with him later at my locker and he gives me the phone for 80 it was an iPhone 4s and I thought that I just got an amazing deal anyways 2 periods after I'm called to the main office I explain the situation they tell me they are aware that I didn't steal it because turns out the kid I bought it from had stolen another one and was caught with it and my 80 $ which they. Took from him and gave back to me but the ppl of the phone I had are really pissed and filed charges against me I'm 16 and have never had any problems with police before the guy that actually stole it was caught with a diffret iPhone but the ppl that owned it didn't want to press charges on a kid so know the cops came to my house and explained to me that I'm under arrest but not actual hand cuffs (I get to stay home) and that they know that I didn't steal it and want me to give a statement that I bought the phone from the other kid but I have to go to court in a month (right on exams) and get fingerprinted! And pictured and stuff. Anyway they told me that they know that other kid stole it and told me that they want to arrest him not me because he has been in trouble with police before. The 2 other kids at my table don't want to give statements that they saw the kid with the iPhone selling it to me because the kid will find out its then who told on him if they did give statemnts that charges would pass from me to him and they told me it would be like it never happened and know I'm screwed over a stupid mistake I would like to know what will happen in court I'm only 16 I live in new York I'm really stressed over it. The cops told me the phone is valued at 600 its a 4s 16gb. BTW I gave it back Rite away!

Bro, you're straight If the school knows that you didn't steal it. When you go to court just explain to your attorney and let them know the situation. I was in that situation but it was an iPhone 5 so I would've been charged with a felony. When i went to court the judge read over the papers and only gave me 25 hours of community service hours -.- lmfao. & that was it the case was closed but i think the kid who i bought it off of got probation & and i don't know what else. But you're good, don't worry about it

It's going to be difficult for you to explain this. As a school student, you shouldn't be buying iphones from a fellow student anyway. Where do you think HE got it? Seriously? I appreciate you're young, but common sense should have informed you that this was highly suspicious. I'm afraid the law doesn't recognise ignorance as a defence. All you can do is admit your stupidity (and greed!) and to vow never ever to do this again. You never know, someone out there may decide to give you a second chance. I hope they do. But seriously, anyone with a brain-cell would know that it had to have been stolen. Kids don't have high quality items to sell normally. You must try to develop some healthy scepticism and to walk away from such 'bargains' in future. A tough lesson, but one you'll not forget in a hurry.
Finally, work very hard on your English. Do your lessons and listen to the teacher. Correct your mistakes and aim for a much higher standard of written English. That way, you'll go further in life.