Learning About Grand Larceny
Do you know the difference between grand and petty larceny? What happens if you steal $300 dollars from your classmate’s locker while she isn’t looking. No one got hurt, but you needed the money and did not ask for her permission to take the money. Would this be considered grand or petty larceny.
In this particular situation, it is considered petty larceny because you stole less than $500, and your criminal act did not result in violence. Chances are you’ll spend time in county lockup because you committed a misdemeanor.
In order to serve time for grand larceny, you would have had to steal property valued at a designated amount. This amount varies according to the jurisdiction. In addition, this type of crime is a felony, which means you’ll spend time in a federal prison and not the county jail.