Under federal guidelines, it is defined as “unlawful taking, carrying, leading, or riding away of property” from another’s possession.ĭo not confuse grand theft and petty theft, two categories of theft that describe crimes above and below a certain monetary value in various jurisdictions. Grand larceny theft can include a wide variety of different examples of theft, including purse-snatching, pickpocketing, and vehicle theft. Grand larceny is a type of theft all grand larcenies are theft, but not all thefts are larcenies. Under grand theft, there also can be burglaries, robberies and larcenies. Grand theft refers generally to the taking of any property over $250 in value.Grand larceny involves the person taking the property of another and moving it from one location to another, with the intent to steal ownership of that item.The difference between grand larceny and grand theft is as follows: At that point, it then is a grand larceny or grand theft charge. Once the amount of the stolen item is over $250, it goes from a misdemeanor to a felony.
Larceny and theft often are used to refer to the same thing in many circles, but there are some major differences regarding the nature of the crimes involved.
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