What Is Larceny ?
Larceny is synonymous to stealing but has a few conditions attached to it. It involves possessing an item without the owner’s knowledge or permission. Different states have different rules and regulations regarding the amount of sentence that can be meted out to the thief if proven guilty. The rules also depend on the seriousness of the crime and the intention behind stealing the particular product/products. However, this issue is less severe than robbery or acts of committing violence and involves a lesser punishment as well.More...
Larceny can be defined as a crime that involves stealing a person’s belongings or valuables causing the victim to suffer financial losses. The crime is broadly classified as mild/petty and grand or serious larceny.
Loss of valuables that cost less than $500 falls under petty larceny. Loss of anything that costs more than $500 is considered a grand larceny. The severity of the punishment meted out depends directly on the seriousness of the crime committed.More...
What Is Grand Larceny ?
Larceny can be defined as possessing or stealing something illegally without the owner’s knowledge or permission. Larceny is different from normal stealing and has a certain price tag attached to it. The person is convicted based on the amount of money lost by the owner because of the crime.
Any valuable/s that amount to lesser than $500 are grouped under petty larceny. Grand larceny on the other hand involves stealing items that cost more than $500. In a few states, there is no particular set of rules to distinguish petty or grand larceny.More...