What is larceny?

Accel Admin   December 12, 2018   Comments Off on What is larceny?

Larceny is a form of theft done by individuals. There are two forms of larceny: petit larceny and grand larceny. These forms of larceny differ based on the amount of stolen property that is stolen. This amount is determined by the value of the property that is stolen. The value can be determined by adding up the cost of the items.

Petit larceny

Petit larceny has stolen property valued at less money than grand larceny. Due to the differing amount of property that is stolen, there can be a difference in the penalties that are put into effect for guilty individuals. Petit larceny is a Class A misdemeanor, which involves property that is valued at $1,000 or less. When individuals face petit larceny charges, they should not face fines that exceed $1,000. There is also the possibility of potential jail time for up to a year for these individuals.

Grand larceny

Grand larceny is categorized differently than petit larceny since there can be a greater amount of property involved in the crime. There can be various degrees of grand larceny based on the value of the stolen property. As the value of the property increases, the seriousness of the crime can be elevated as well. This can cause more penalties for the guilty individual.

For grand larceny charges in the fourth degree, property can be valued between $1,000 and $3,000, which is considered a Class E felony. With this felony, individuals face the possibility of imprisonment for up to four years. For these penalties, individuals may be faced with fines that are will not exceed $5,000 or may not be double the offender’s gain from the crime. Grand larceny in the third degree values property between $3,000 and $50,000, which can be considered to be a Class D felony. This charge has the potential for jail time up to seven years. Grand larceny in the second degree is for property that is valued between $50,000 and $1 million, giving it a higher value. Grand larceny in the second degree is classified as a Class C felony, which can have possible penalties of jail time for 15 years. The worst charge would be grand larceny in the first degree, making the value of the property the highest. The consequences can increase for these individuals. The stolen property is valued at $1 million or even more than that cost. This is considered to be a Class B felony with potential jail time up to 25 years.

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.