Grand larceny penalty in New York

In New York, the penalties for grand larceny vary based on the value of the stolen property. Here are the key points:

1. 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.
2. 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.
3. 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.

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