Grand larceny is a type of white-collar crime that entails stealing someone else’s property. Both the method of the crime and the value of the property taken can be used to define big larceny. According to New York law, grand larceny is defined as taking another person’s property with the intention of depriving that person of it. Embezzlement is one of the ways that grand larceny can be committed. New York Penal Statute 155.05. The unlawful taking of money or property that was given to you but belonged to someone else is known as embezzlement.
If the value of the property taken exceeds $1,000, theft or larceny is upgraded to the more serious crime of grand larceny. New York Penal Statute 155.30. Petit larceny is the charge for stealing items worth less than $1,000. Contact a New York Grand Larceny by Embezzlement and Value Lawyer who can explain your legal options to you and help you navigate the criminal justice system if you have been accused of grand larceny, embezzlement, or any other criminal offense like robbery, burglary, computer fraud, or credit card fraud.
Grand larceny charges can be classified as either a Class E or Class B felony, depending on the type of property involved, its value, and whether it was obtained legally or illegally. A theft of property with a value of between $1,000 and $2,999.99 is the least serious accusation. Grand larceny in the fourth degree would be committed here. New York Penal Statute 155.30. Fourth-degree grand larceny is a Class E felony. If found guilty, you might spend up to four years in prison. NY Penal Code Section 70.00.
Related Topic – NEW YORK GRAND LARCENY IN THE FIRST DEGREE
Related Topic – NEW YORK GRAND LARCENY IN THE SECOND DEGREE
Related Topic – NEW YORK GRAND LARCENY IN THE THIRD DEGREE
Related Topic – NEW YORK GRAND LARCENY IN THE FOURTH DEGREE
Grand larceny in the third degree, a Class D felony, is what you can be charged with if you are accused of taking something that is valued between $3,000 and $49,999. You might receive a prison term of up to 7 years if found guilty. New York Penal Statute 155.35. Second-degree grand larceny is when someone steals something worth $50,000 to $999,999. A Class C felony, this is. You could receive a prison term of up to 15 years if found guilty.
Grand theft in the first degree is the harshest type of crime. If you are accused of committing this crime, it indicates that you have been charged with embezzling or another type of theft amounting to at least $1 million. New York Penal Statute 155.42. Grand theft in the first degree bears the toughest sentence of all grand larceny offenses due to the amount of money involved. If found guilty, you could spend up to 25 years behind bars.
Charges of grand larceny can be defended in a number of ways. Grand larceny charges are frequently based on the value of the stolen property, so contesting that value can have a significant impact on the accusation you face and the punishment you could get if found guilty. For instance, the distinction between being charged with grand larceny or petit larceny depends on whether you were accused of taking a $1500 necklace or not. Petit theft is not a crime. That is a misdemeanor of Class A. New York Penal Code 155.25. Petit larceny convictions can result in prison time of up to one year, while convictions for grand theft in the fourth degree can result in prison terms of up to four years. In order to accuse you of the most serious crime, prosecutors will attempt to assign the property the highest value feasible.
Your intent is a crucial aspect of a grand larceny charge. You must have planned to permanently deprive the owner of the property in order to be found guilty of embezzlement or any other kind of grand larceny. Hence, you have a defense against a grand larceny charge if you simply borrowed the item or accidentally took it.
If you have been charged with grand larceny, embezzlement, or any other type of theft felony, you should immediately consult a lawyer. Your entire life will be impacted by a criminal conviction.