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Grand Larceny Grand larceny is 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. |