What Is Grand Larceny?

 Posted on September 27,2018 in Theft

Larceny, more commonly referred to as theft, occurs when a person knowingly obtains the property of another with the intention of permanently depriving the owner of their property, as per 720 ILCS 5/16-1. The degree of larceny or theft that an individual is charged with depends on the value of the property taken. Larceny charges do not include robbery, armed robbery, burglary, carjacking, or other crimes of violence, which are punished more severely than larceny offenses.

“Grand” larceny or “grand” theft is commonly thought of as the threshold between a misdemeanor and a felony charge, though in Illinois that language is not specifically used. Illinois law classifies various degrees of larceny on a scale described below, with the highest felony classification for theft being a Class X felony, which can result in decades behind bars.

• Class A Misdemeanor – The property taken is valued at $500 or less. Punishment includes a jail sentence of up to one year and a fine of up to $2,500.
• Class 4 Felony – The property taken is valued at $500 or less and was taken from a school or place of worship. Punishment includes a prison sentence of one to three years, with a maximum fine of $25,000.
• Class 3 Felony – The property taken is valued at $500 to $10,000. Punishment includes a prison sentence between two and five years and a fine of up to $25,000.
• Class 2 Felony – The property taken is valued at $10,000 to $100,000, or it is valued at $500 to $10,000 and was taken from a school or place of worship. Punishment includes a prison sentence between three and seven years and a fine of up to $25,000.
• Class 1 Felony – The property taken is valued at $100,000 to $500,000, or it is valued at $10,000 to $100,000 and was taken from a school or place of worship. Punishment includes a prison sentence between four and 15 years and a fine of up to $25,000.
• Class 1 Felony Non Probationary – The property taken is valued between $500,000 and $1 million. Punishment includes a prison sentence of up to 30 years and a fine of up to $25,000.
• Class X Felony – The property taken is valued at over $1 million, or it is valued at more than $100,000 and was taken from a school or place of worship. Punishment includes a prison sentence between six and 30 years a fine of up to $25,000.

Restitution

In addition to the fines listed above, the victim can also seek repayment for the value of the property that was stolen and the financial losses they suffered as a result of larceny. This is referred to as restitution. For example, a victim whose pickup truck was stolen may have lost $4,000 in revenue because their small landscaping business went without a truck for a month, and they may have lost $4,000 in productivity during the time period it took to purchase a new vehicle or have theirs returned to them. Thus, they may claim restitution of $8,000.

Contact a Rolling Meadows Larceny Defense Attorney

Theft is one of the most prevalent offenses in Illinois, and here in Cook County, there are over 1,800 counts of theft per 100,000 inhabitants, according to the Illinois State Police. Those charged with any degree of theft need to protect themselves by contacting a skilled attorney. We urge you to contact dedicated Cook County criminal defense lawyer Christopher M. Cosley for assistance today. Call our office at 847-253-3100 to arrange a free consultation.

Sources:

http://www.isp.state.il.us/docs/cii/cii16/cii16_SectionI_Pg11_to_246.pdf

http://www.ilga.gov/legislation/ilcs/fulltext.asp?DocName=072000050K16-1