WHAT IS GRAND LARCENY?

An average person may view stealing as clear-cut wrongdoing. The law, however, does not view it that way. There are various types of stealing offenses, and grand larceny is one of them. This offense takes into consideration the value of the property that illegally is taken and the intent of the perpetrator.
Grand larceny generally is defined as the theft of property exceeding a certain value. Property can refer to many things including cash, jewelry, or electronics. If a person steals multiple items during an act of theft, the value usually will be assessed collectively instead of individually.
This means that although the items may be cheap, together they can constitute grand larceny. A good example of this is the theft of a compact disk (CD) case. If there are 25 CDs inside, the value of each and the value of the case they were in are added together, making it very possible to meet the threshold.
The value that constitutes grand larceny can vary from one state to another. Some states do not have this type of larceny offense. Those that do enforce larceny laws generally have a lower category known as petty larceny, which applies to theft of property below the value of grand larceny. For example, if a state sets $500 US Dollars (USD) as the amount that constitutes grand larceny, then theft of property valued at $498 USD would be petty larceny.

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