With infinite budget sure, worth a shot, but it would cost a lot more than the price of the phone to track it down.
Infinite budget? Bro, I know the exact location. Just go over there and knock on his door. Arrest the man and put him in jail for possession. One less thief out there taking advantage of the fact that the police doesn’t enforce the fucking laws.
The criminals could and probably do have ‘faraday bags’ to block signals from phones as they move them, only ever taken out to sell them along.
They could, but they don’t.
I’m sure that line of thinking will go over great when you stay home during Election Day and Trump magically gets elected.