The account is now the property of Altcoin4life and it is justified.
Nope, if something is stolen and then sold off (or in this case given away/taken collateral), it stays property of the original owner, as the thief didn't have the right to give it away in any case.
Altcoin4life isn't the rightful owner, SwingDev proved to be.
I agree with this x1000. I do hope swingdev gets his stolen account back with no hassle. It is rightfully his.