When an individual steals property from another party, it is considered a larceny crime. Being convicted of larceny can have very serious effects on an individual. Penalties for committing larceny crimes in New York State are largely based on the value of the property that was stolen or the amount of money that was stolen. Larceny is broken into two major categories, petit larceny for items with values under $1000 and grand larceny for items valued at greater than $1000. The penalties are as follows:
Petit larceny (property stolen with a value of $1000 or less) is a class A misdemeanor, punishable by up to 1 year in prison and fines of up to $1000.
Grand larceny in the fourth degree of property that is valued between $1000 and $3000 is a class E felony. This is punishable by up to 4 years in prison and a $5000 maximum fine.
Grand larceny in the third degree is for property valued between $3000 and $5000. This is a class D felony, punishable by up to 7 years in prison.
Grand larceny in the second degree is for property valued between $50,000 and $1 million. This is a class C felony, punishable by up to 15 years in prison.
Finally, the most serious larceny crime is grand larceny in the first degree, which is for stolen property valued at $1 million or greater. This is a class B felony, punishable by up to 25 years in prison.
Contact the Law Office of Raji S. Zeidan, P.C. today to schedule a consultation if you are in need of strong legal representation for any of your criminal defense and personal injury matters. We are here to help during your time of need and fight for your future.