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@MrDrem
Suspecting them of being stolen is indeed not enough ([ame]http://en.wikipedia.org/wiki/Handling_stolen_goods[/ame] and http://www.lawteacher.net/Handling.php) both confirm this.
However, the fact that he said "he knew it was probably not legit and 'felt funny' with it" may well I think pass the knowledge or belief test as I read it. IANAL though, and its a moot point, as the police are not likely to be interested anyhow. :)
If he did turn out to still have it, then that would now be a different matter, and if he disposed of it now, then I suspect he certainly could be prosecuted, but again, IANAL.