Larceny consists of a type of theft. Larceny involves an individual taking property such as goods or money without the owner 's permission for personal use. Theft entails taking property from an owner without consent or permission with intent to use or sale. For example, a person who steals products from a store and tries to sell them later has done theft. Now if a person steals property for personal use, commits larceny.
Theft is completely different from larceny in many ways. For example, the term theft doesn 't describe one type of property crime, but many different crimes. Therefore, theft is a different term describing all crimes including larceny. Also, theft also involves stealing tangible and non-tangible objects. Larceny crimes encompass taking the property with the intention of depriving an owner of the property forever. Larceny is when a person takes a laptop out of the library
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Petit larceny is classified as a class 1 misdemeanor under Virginia Law, punishable by confinement in jail for not more than 12 months, a fine of not more than $2,500, or both.
Grand Larceny. Grand larceny in Virginia occurs when a person commits larceny and:
• the value of property or services stolen is over $200
•the property is valued at $5 or more and is taken from the person of another, or
•the property stolen is a firearm of any dollar value. (§ 18.2-95.)
Grand larceny in Virginia is typically punishable as a felony, which involves imprisonment in a state correctional facility for at least one year but for not more than 20 years. Virginia law also gives juries and judges the discretion to punish grand larceny as a misdemeanor. This situation might occur, for instance, if the offender has no criminal record and the value of the property stolen is valued at only slightly more than