So it is a crime to keep a LOST item. Thanks dragg 
Double confirmed by laoda99. "kum sia lu" laoda. 
Thanks for the insight sk1417, from someone who is in the telco
industry. 
Could relate to your scenerio, about the irritation of keep
updating a IMEI whenever changing to a new hp, have a fren keep
changing to the latest model of hp every 2 - 3 months, just like
changing underwears. 
Thanks stellazio, but the "finder" was a stranger, have no name,
so how to make a report.
Whatever, the case is closed. My fren paid him $50 to
get back his hp. 
Understand some advertised to buy locked hp, think there is a
way for dishonest people to unlock it.
Thanks ditzy. 
Am a technology idiot myself, care to elaborate more about what
your statement mean? Thanks LazerLordz 