No. We at iGotOffer never buy devices that have been reported lost or stolen. As part of our online trade-in process we record the device’s serial number for each item we receive, so we can provide a trail for items under inquiry. We can contact Apple Inc. or any other brand, as well as Law Enforcement Authorities if needed.
Let's say that no serious company will purchase stolen electronics. When time comes to check if a device has been reported lost or stolen, we use CheckMEND tool which helps detect stolen electronic devices. CheckMEND includes information coming from many sources, such as insurance companies, law enforcement authorities, wireless carriers and so on, all across the US. Its database is updated daily.