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New York Grand Larceny Frequently Asked Questions

According to New York Penal Law, grand larceny is the theft of property. To be convicted of a grand larceny charge, you must be suspected of stealing property like money, electronics, clothing, or jewelry that has a value of over $1000. New York has four different types of grand larceny crimes, all of them are felonies.

How Does Grand Larceny Differ from Petit Larceny?

Both petit larceny and grand larceny are theft crimes. However, grand larceny is a felony, while petit larceny is a misdemeanor. If you are suspected of stealing property that has a value of more than $1000, you may be guilty of committing grand larceny. Anyone suspected of stealing property that has a value of $!000 or under, the charge is petit larceny. However, there are a few exceptions to this rule in New York. For example, if the property is taken using extortion or the property is taken from another person, you will get charged with grand larceny, regardless of the property’s value.

What is Grand Larceny in the Fourth Degree?

Grand Larceny in fourth degree is classified as a class E felony in New York. It’s the least serious of all of the grand larceny crimes. Anyone accused of taking property that has a value of more than $1000 but less than $3000, and the property is debit or credit card, a scientific secret, or a public record, can be charged with grand larceny in the fourth degree. You can also be charged with this crime if you steal property from a person’s car or a person that has a value of more than $100. If convicted, you could be sentenced to four years in prison.

What is Grand Larceny in the Third Degree?

The larceny charge is increased to grand larceny in the third degree if the value of the property is more than $3000 but less than $50,000, or the theft occurs from the ATM machine. Third degree grand larceny is a class D felony and has a sentence of up to 15 years in prison. Petit larceny is generally associated with shop lifting. However, anyone who steals something with more than $4000 will not get charged with grand larceny in the third degree.

What is Grand Larceny in the Second Degree?

If the value of the property that was taken is more than $50,000 but less than $1,00,000 then you will be charged with grand larceny in the second degree. This charge is rarely associated with retail theft. It’s usually for white collar crimes like insurance fraud and embezzlement. If the victim is threatened with physical harm or damage to property, the minimum charge will be grand larceny in the second degree. If this crime is committed while threatening the victim with physical harm, damaged property the charge is going to be at least larceny in the second degree. Because of the amount of money involved, this crime is a class C felony. This crime is punishable by up to 15 years.

What is Grand Larceny in the First Degree?

This is the most serious of the grand larceny crimes and it involves stealing property that is valued at more than $1,000,000. This is a class B felony that carries a maximum sentence of 25 years.

Does A Grand Larceny Conviction Mean Prison Time?

Whether you go to prison or not depends on several factors. You may not go to prison if you are convicted of grand larceny in the fourth, third, and second degree you may not experience prison time for your first offense, you may just get probation. However, grand larceny in the first-degree conviction will mean prison time. It is possible to have a grand larceny conviction sealed. However, the conviction is only eligible to be sealed after ten years.

If you have been charged with grand larceny, you need to hire an attorney with experience with larceny . Please contact our attorneys at Spodek Law Group to get representation. We have offices located in NYC and Long Island. Contact us at 888-997-4071.

by Leonard on Spodek Law Group
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