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Maybe it was karma that allowed him find it in the first place.
I say fuck waiting for the world to deliver all this karma that it "owes" you. Take what you get, and earn what you want. buddy should have zipped his pocket if he didnt want to lose his ipod in the first place. I'm not saying go steal an ipod from someone, but finders keepers, hold on to your shit if you dont want to lose it.
be careful about turning it in
my friend once found a wallet in my school he handed it in and the guy accused him of taking money out of which he didnt cos i was with him but it almost got him in a fight