You could possibly be charged with theft. You should keep your proof of eBay purchase in the event you are ever questioned. You behavior in throwing the item away suggests guilty knowledge (and apparently you have guilty knowledge since you say that you know the item was stolen. You should have returned it to the rightful owner.)
You could be charged with receiving and concealing stolen property. Depending on the value of the item, that could be either a misdemeanor or a felony.
Yes, he can still charge you since you alone received the item and tried to sell it. You throwing it a way only goes to the fact you knew the history of the item.
If you knew or had reason to know that it was stolen you could be convicted of receiving stolen property. But you might not have known or had reason to know that it was stolen. This is where a defense attorney steps and argues the facts in your favor. Get an attorney involved early in the process and there is a chance that you might get rid of this charge.
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