The fact that you do not understand why the police can take it is not the issue. They can. It is potential evidence of a crime. Your recourse now is to sue the guy who sold it to you. But I suspect that the cost of the item is such that it probably is not worth the time and effort, is it?
It depends on the agency. In most police agencies, one detective is assigned to a crime - not a team. Unlike TV real police agencies do not have the luxury of working one case at a time - they work several. In property crimes they may work a couple dozen or more at one time.
In smaller agencies, a single beat officer may take the investigation if it is not a serious violent crime. Heck, I am a supervisor and I have a case load myself.
Nothing you have written smacks of anything out of the ordinary in these sorts of cases. A victim reports a theft, describes the item, we or he catches it on Craigslist, and a plan is made to intercept and retrieve the item from either the thief (the usual result) or someone who may have bought it from the thief (the rare occurrence).






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