Originally Posted by
Skipjacks
... But how does the cop who shows up to the scene know that you're not the one running the scam where you sell your bike so someone for cash, then report it stolen so you can 'recover' the bike and keep the cash that there is no transaction record of? (This is why you as a bike buyer should demand a signed receipt from the seller, so you can't be the victim of this scam)... But if that's all you have, you don't have anything...including your stolen bike.
Wow, you are pretty good at this devil's advocate stuff (and I can appreciate that). What you wrote is possible, but that scam couldn't really work more than once or twice (I know, it only takes once with an expensive bike, and incompetent cops/moving around could make it work multiple times). So there are some loopholes, but they don't seem too bad.
What I want to know is what the OP ended up doing???