The Cobb County District Attorney has dropped felony theft charges against Jarrett Franco Modica, a 23-year-old Kennesaw State University student. Earlier this month, Channel 2 Consumer Investigator Justin Gray reported that Modica had legally purchased a firearm that was later identified as a stolen police gun . Modica spent two months in jail and was initially denied bond after being charged with felony theft by taking. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks ] Although he purchased the gun from a licensed dealer and held a valid receipt, a loophole in federal law does not require stores to verify if used firearms have been reported stolen before they are resold to the public. Gray’s investigation revealed that Modica purchased the firearm at Adventure Outdoors, a federally licensed dealer in Cobb County. Modica kept a receipt for the transaction that included a serial number matching the one listed on the criminal warrant and police incident report. Despite this evidence, he remained in custody for two months under a felony charge of theft by taking. Cobb County District Attorney Sonya Allen confirmed the decision to dismiss the case following a formal investig