John Gruber over at DaringFireball.net has a excellent article talking about the possible legal troubles that either the person who “found” and sold the prototype iPhone 4G and for Gizmodo, who purchased the iPhone.  From what it sounds its now in the hands of either the California District Attorney to pursue criminal charges or for Apple to pursue the case in a civil court.  I guess only time will tell.

Update:
For every point there is a count-point and Giles Bowkett believes John Gruber is a little naive about the law and also a little bias toward Gizmodo being in the wrong.

In any case its always good to hear more than one point of view.  Also as far as I am concerned I am taking these posts as just opinions because I don’t know either person from a hole in the ground.