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@K.Coo
IMO the punishment is unlikely to be much of a deterrent- someone who's stealing bikes/ handling stolen bikes is unlikely to be much inconvenienced by a criminal record or sentence, as we saw in the riots last year. A whole generation of lost souls who just don't give a fuck.
I'll keep you posted though if I hear anything- plus c3k got his bike back last autumn and we got the guy arrested- I don't think that case came to court as I would have been a witness- can he give us any info?