- report the phone as stolen
- turn the loss into homeowners insurance
- buy new phone with money from insurance policy
- let homey keep the phone he worked so hard to steal.
$500 home owner's deductible = fail
While you are "testing" it, check the serial number and your photos and contacts.
If it is 100% yours, start writing down his license plate number.
Make it obvious that you are writing it down.
Tell him that it is your phone and that you are calling the police.
He will probably give it to you.