Hypothetically, if you were planning to switch to galaxy note10 5g, how would you come up with $1300? Hopefully, we’re all law-abiding citizens and would simply work hard and save up the money. But if a criminal decided to steal a phone worth more than a thousand dollars, guess what? That’s grand larceny, and it’s seriously bad news.
In most states, theft of property valued between $500 and $1000 is considered petty theft or petty larceny. This is a misdemeanor and usually results in a fine or, at most, a jail sentence of up to six months. Grand theft or grand larceny, however, is much more serious. That is considered a felony in most states and can result in a jail sentence of up to three years.