Grand Larceny

In simple terms, grand larceny is taking something of relatively high value that does not belong to you. The legal definition is a little more complex. Under New York Penal Law Section 155, a person who steals property by wrongfully taking, obtaining or withholding property from its owner with the intention of depriving the owner of the property or to take the property for himself or someone else is guilty of grand larceny. Grand larceny is a more serious crime than petit larceny, which is theft of property worth less than $1,000.