I'm not sure what happens to the bike now -- I called Allstate and the claims rep said since it was paid out that the local (in NC) Allstate usually handles the salvage but they would start working on it and get back to me as far as a buy back option.

From what the guy at the wrecker told me the bike appears to be in good shape.

As far as the guy himself, who knows if he's the one that stole it or was just on it when he got busted -- he's been in and out of the NC DOC since 2005 (amazing what you can find on the internet these days) for breaking and entering and assault convictions.