Petit larceny is classified as a Class A misdemeanor. It includes property that is valued at $1,000 or less. Individuals facing these charges should not face fines that exceed $1,000. There is also the possibility of potential jail time for up to a year. Petit larceny is different from grand larceny because it is not as financially heavy. For charges of petit larceny, the stolen property is valued at a lower cost than property that is considered to be grand larceny.
What penalties result from grand larceny?
Grand larceny is categorized differently since the items stolen are valued at a higher price. There are various charges that are based on the value of the property that was stolen. For grand larceny charges in the fourth degree, property would be valued between $1,000 and $3,000. This is considered to be a Class E felony and has the potential for jail time up to four years. For these penalties, individuals may be faced with fines that are not to exceed $5,000 or double the offender’s gain from the crime. Grand larceny in the third degree values property between $3,000 and $50,000. This is considered to be a Class D felony and has the potential for jail time up to seven years. In comparison, grand larceny in the second degree is a category for property that is valued between $50,000 and $1 million. Grand larceny in the second degree is classified as a Class C felony. These charges can lead to possible jail time of 15 years in prison.
For grand larceny in the first degree, the value of the property increases. Due to this, the consequences may increase as well. The stolen property is valued at $1 million or more. This is considered to be a Class B felony. Potential jail time could add up to 25 years.
Individuals who are found guilty of any of these offenses may be faced with life-altering consequences since penalties can be financially devastating. Fines can add up to create financial trouble. Other penalties resulting from these offenses can include jail time that may ruin your future. For legal help, it is best to acquire an attorney that has experience with these cases. We can help protect your future.
If you are in need of experienced legal counsel for a criminal defense matter on Long Island or throughout New York State, please contact Grunwald & Seman, P.C. to schedule a consultation and we would be happy to assist you.