It’s a common misconception that theft is a relatively minor crime. However, that is not the case. Theft crimes carry harsh penalties. Depending on the value of the property stolen, you could be looking at a felony conviction. A felony conviction can negatively impact your life and livelihood. If you’ve been charged with theft in New York, you need our determined Garden City, NY, Larceny Lawyers on your side to mount a strong defense. Please continue reading to learn the potential penalties you can face for a felony theft conviction in New York.
When is Theft a Felony in New York?
In New York, theft, otherwise known as larceny, is defined as someone taking another’s property to deprive the rightful owner of that property either permanently or for a substantial period. Theft can be charged as a misdemeanor or felony offense. Ultimately, the distinction is based on the value of the property stolen. A theft crime will usually be considered a felony offense if the value of the stolen property exceeds $1,000.
Nonetheless, other aggravating factors can escalate a theft crime to a felony offense. For instance, stealing a vehicle or credit card will automatically be considered a felony charge.
What Are the Potential Penalties?
If you’ve been caught in possession of stolen property valued between $1,000 and $3,000, you will be charged with grand larceny in the fourth degree. This theft offense is punishable by fines of up to $5,000 (or double the offender’s gain from the crime) and up to 4 years in prison as this is a Class E felony. If the property stolen was valued between $3,000 and $50,000, you will be charged with grand larceny in the third degree. This theft offense is punishable by up to 7 years in prison as it’s a Class D felony.
Moreover, if the property stolen was valued between $50,000 and $1 million, you will be charged with grand larceny in the second degree. This theft offense is punishable by up to 15 years in prison as this is a Class C felony. Further, if the stolen property was valued at $1 million, you will be charged with grand larceny in the first degree. This theft offense is punishable by up to 25 years in prison as it’s a Class B felony.
As you can see, you could be subject to significant monetary fines, lengthy jail time, and a permanent criminal record. At Grunwald & Seman, P.C., we are prepared to guide you through your legal options and defend your rights. If you are charged with larceny, it’s in your best interest to contact our experienced legal team. Contact us today to discuss what we can do for you.
