So a convicted felon lives next to you and your **** got stolen...sounds perfectly reasonable to assume he did it.
Some of you guys need a realistic grasp on the law. First off, filing a "false" police report as to what you saw won't get you in trouble. How do the cops KNOW what you saw? That's called speculation and cops aren't going to care. Secondly, who cares if he tells the police he THINKS it was his neighbor? You honestly think that it will cause the cops to fall of the "trail" of the real criminal? The cops will assume the most likely probability, which is his neighbor, regardless of the OP's claim. Will they get enough evidence for a search warrant? No. Do they really care to pursue this crime to ensure justice? Probably not
Moral of the story? Don't put giant stickers on your **** that says steal me. If you do, have insurance
case closed