Embezzlement and Grand Larceny in New York

We may have worked with people for many years, but we might not know that much about their personal lives. They might be involved with gambling, drug addiction or a person can be drowning in debt. When they have access to an employer's accounts, the temptation of embezzlement can overcome a person. That's why even the most trusted and senior employee of a business can be charged with embezzlement.

Larceny

As per NY PL Article 155, et seq., embezzlement constitutes larceny. It typically involves the taking of money from its legal owner without the owner's permission coupled with the intent to permanently deprive the owner from it. "I was going to pay it back" is not a defense. The person accused of embezzlement must have had permission to access the money or property. Larceny might be charged as misdemeanor petit larceny of money or property valued at under $1,000, or it can be charged as grand larceny when the money or property is valued at more than $1 million. Between those two bookends are fourth, third and second degree larceny, depending on the value of the property or amount of money that was taken. All of those are felony charges.

Penalties for Conviction of Grand Larceny

The following details the penalties for a conviction of grand larceny in New York:

• Fourth Degree: If the money or property has a value of between $1,000 and $3,000, s Class E felony applies that can be punished by up to four years in prison.

• Third Degree: If the money or property has a value of between $3,000 and $50,000, a Class D felony applies that can be punished by up to seven years in prison.

• Second Degree: If the money or property has a value of between more than $50,000 and $1 million, a Class C felony applies that can be punished by up to 15 years in prison.

• First Degree: Should the money or property have a value in excess of $1 million, a Class B felony applies that can be punished by up to 25 years in prison.

The Repercussions of a Conviction

A conviction for grand larceny can blemish a person's personal and professional reputation for life. Employment, educational and even housing opportunities can be adversely affected. The New York City law firm of the Law Offices of David Fried, PC will provide its clients with aggressive and effective representation in petit or grand larceny cases. We understand that you feel that the weight of the world is on your shoulders after being accused of grand larceny. If convicted, everything, including your freedom, is at risk.

Whether it's your accuser or the police, don't admit to anything, no matter how hard they try to intimidate you. Insist on speaking with the Law Offices of David Fried. He's going to do whatever he can to protect you and your reputation from the allegations against you. Even if you aren't charged, but you think that you're going to be charged, contact us right away. Remember, don't admit to anything. Speak with us first.