IPAD MDM tracking after wipe?

So I purchased an iPad that I'm sure wss stolen and appears to have been used by a company. I'm sure it has an MDM. My question is, if I reinstall firmware via iTunes recovery can that company still trace the iPad via serial# and will that completely remove any software changes made by the company. I know morally some wont agree with this, I'm keeping it and just want to make sure I can't be tracked if the company has a hard on for this thing.

submitted by /u/Zensearch
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