In New York, the penalties for grand larceny vary based on the value of the stolen property. Here are the key points:
- Petit Larceny (Class A Misdemeanor):
- Involves stolen property worth $1,000 or less.
- Punishable by up to 364 days in jail and a $1,000 fine1.
- Grand Larceny (Felony-Level Offense):
- Becomes a felony when:
- The value of the stolen property exceeds $1,000.
- The crime involves specific types of property or acts.
- All grand larceny offenses can be punished with a fine of $5,000 or double the offender’s gain from the crime.
- Becomes a felony when:
- Degrees of Grand Larceny:
- Fourth Degree Grand Larceny (Class E Felony):
- Property valued over $1,000.
- Property consists of a credit or debit card.
- Property is taken from the person of another or obtained by extortion using threats.
- Property is a firearm, rifle, or shotgun, or a motor vehicle worth over $100.
- Punishable by up to four years’ imprisonment and a fine2.
- Third Degree Grand Larceny (Class D Felony):
- Value of stolen property exceeds $3,000.
- Property is an automated teller machine (ATM) or its contents2.
- Fourth Degree Grand Larceny (Class E Felony):
Remember that these penalties can vary based on specific circumstances and prior criminal history. If you need legal advice, consult an attorney who specializes in criminal defense