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Grand Larceny |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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A category of larceny—the offense of illegally taking the property of another—in which the value of the property taken is greater than that set for petit larceny. At Common Law, the punishment for grand larceny was death. Today, grand larceny is a statutory crime punished by a fine, imprisonment, or both. grand larceny n. the crime of theft of another's property (including money) over a certain value (for example, $500), as distinguished from petty (or petit) larceny in which the value is below the grand larceny limit. Some states only recognize the crime of larceny, but draw the line between a felony (punishable by state prison time) and a misdemeanor (local jail and/or fine) based on the amount of the loot. (See: larceny, theft) |
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20, robbery rates for the area were down 40 percent from 2004, burglary rates were down 57 percent and grand larceny rates down 10 percent. They were convicted in June on first-degree grand larceny and other charges related to accusations they stole $180 million outright and improperly made some $430 million by manipulating Tyco's stock value. He was found guilty of grand larceny, conspiracy, securities fraud and eight of nine counts of falsifying business records. |
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Grand Larceny
