Hypothetically:
In this scenario I see no one but "A" who has a problem.
That said cards are/were his is an allegation.
That a theft took place is unsubstantiated.
Even if both are true he exercised negligence in not insuring his property.
The commodity in question is generic and bearer indemnified.
I would draw a different set of conclusions were the items tracable via third party grading identicication or set registry, and a timely police report filed and verifiable. However, as any other player in this vignette I would do only what I was legally compelled to. Sorry
I'm aware that this is colored by the fact that these parties know each other, and while I think 'M" actions very commendable I feel he went way out of his way.
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