Grand larceny is a very serious crime and anyone convicted of such a crime will be faced with serious consequences. First, it is important to understand the difference between petit larceny and grand larceny. Petit larceny is reserved for those who steal property that is valued at $1,000 or less. When property is stolen over $1000, the crime will be upgraded to grand larceny.
When the property stolen is valued at between $1000 and $3000, the individual will be charged with grand larceny in the fourth degree. This is a class E felony and may result in up to four years in prison.
When the property stolen is valued between $3000 and $50,000, the individual will be charged with grand larceny in the third degree, which is a class D felony. If convicted, this individual may be subject to up to 7 years in prison.
If stolen property is valued between $50,000 and $1 million, it is classified as a grand larceny in the second degree, which is a class C felony. If convicted, the individual may be subject to up to 15 years of imprisonment.
Finally, the most serious grand larceny crime is in the first degree, which is a class B felony. Grand larceny in the first degree is applicable when the stolen property $1 million or more. The convicted person may be subject to up to 25 years in prison.
If you have been charged with grand larceny, it is essential to consult with an experienced criminal defense attorney as soon as possible.
If you are in need of experienced legal counsel for a criminal defense matter in New York State, please contact Grunwald & Seman, P.C. and we would be happy to assist you.