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NYC Grand Larceny by Embezzlement Lawyers

Grand larceny is a crime involving the theft of another person’s property. Whether a grand larceny charge applies depends on the way the crime was committed along with the stolen property’s value. By law, the state of New York defines grand larceny as the theft of another person’s property with the intention of depriving that person of the property.

Grand larceny can be committed in a multitude of different ways. One of these ways is embezzlement. Embezzlement is defined in state law as criminally appropriating money or property that had been entrusted to you while being owned by another individual. Acts of thievery and general larceny can be upgraded to an act of grand larceny if the stolen property’s value is greater than $1,000.

When property is stolen, but the overall value comes to less than $1,000, the charge instead is petit larceny. If you’ve had a charge of embezzlement, grand larceny, or any other criminal charges leveled against you, it’s imperative that you get in touch with a criminal attorney immediately after your arrest. Spodek Law Group is a New York City based group of lawyers with extensive experience in the criminal justice field.

Charges of grand larceny might range in overall severity from a class B felony to a class E felony. Of these, class B felonies are the most severe. There are no grand larceny charges which are classified as misdemeanors. The least serious potential charge is fourth degree grand larceny, which includes theft of property that has a total value between $1,000 and $2,999.99. This is a class E felony.

For property valued between $3,000 and $49,999, you’ll be charged with third degree grand larceny, which is a class D felony. Class D felonies have maximum penalties of seven years in prison. Second degree grand larceny concerns property valued from $50,000 to $999,999. This Class C felony comes with a potential sentence of fifteen years in prison.

First degree grand larceny is a charge that is only leveled against people who have been accused of stealing or embezzling at least one million dollars. This class B felony carries a penalty of up to twenty-five years in prison.

Multiple defenses are available to people who have been accused of grand larceny. The severity of the charge depends on the value of the stolen property, so contesting this can help with a defense. For example, you might steal a ring that the owner claims is valued at $1,500. However, when the ring is appraised, its worth is only determined to be $900. Going by the owner’s statement, you would have committed fourth degree grand larceny. But if the ring truly costs less than one thousand dollars, you can only be brought up on charges of petit larceny.

Prosecutors will attempt to assign as high an overall value to the property as possible in order to level a more severe charge against you. It’s vital that your defense attorney do research and have the property value appraised independently.

Another important aspect of the crime is the intention behind it. To have committed any kind of grand larceny, embezzlement-related or otherwise, your intention must have been the owner’s permanent deprivation of their property. If the item was borrowed with an intent to return, or you took it by accident, you’d have a defense if brought up on grand larceny charges.

Legal guidance is essential when dealing with any kind of white collar crime. The lawyers at Spodek Law Group have spent years studying and practicing criminal law. They can help you examine your options and get the best deal possible.

by Leonard on Spodek Law Group
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