The right and only thing to do is turn in the phone......... Or you should rot in hell and hopefully, you get arrested.
The phone does not cost $200. Whey does everyone think that. It cost $650 plus tax to replace and iphone. It is only $200 if you are renewing your 2 year contract. If you are not up for renewal.... Apple has an ironclad contract that no carrier can break. They do not allow for the early renewal of contracts other than for a few months.