NY Penal Law § 155.40: Grand Larceny in the Second Degree
If you are suspected of theft in New York, grand larceny is the offense with which you could be charged. Under New York criminal law, larceny is a legal term for theft, or stealing the property of another individual with the intent of keeping that property away from its owner. It does not matter if you take it on someone else’s behalf or steal it and then give it to someone else. Larceny can be carried out in several different processes, including trespassory taking, extortion, trick, embezzlement, false pretenses, or writing a bad check.
What Constitutes Grand Larceny in the Second Degree
You have committed grand larceny in the second degree under New York Penal Code § 155.40 if you unlawfully take property and either of the following applies:
- The value of the property is greater than $50,000, or
- The theft involves some form of extortion.
