§ 155.40 Grand Larceny in the Second Degree
A person is guilty of grand larceny in the second degree when he steals property and when:
- The value of the property exceeds fifty thousand dollars; or
- The property, regardless of its nature and value, is obtained by extortion committed by instilling in the victim a fear that the actor or another person will (a) cause physical injury to some person in the future, or (b) cause damage to property, or (c) use or abuse his position as a public servant by engaging in conduct within or related to his official duties, or by failing or refusing to perform an official duty, in such manner as to affect some person adversely.
Grand larceny in the second degree is a class C felony.
NY PEN Law 155.40 Grand larceny in the second degree. (Laws of New York (2015 Edition))
Grand Larceny 2nd Degree 155.40 Penalties
Grand Larceny in the Second Degree (N.Y.S. Penal Law 155.40) is the next highest degree. It is a class C felony. To be charged with this offense you need to steal property that is valued more than $50,000 or take property, regardless of its value, through extortion where you instill fear in the other person that you will cause injury to some person or property in the future. If convicted of Grand Larceny in the Second Degree you can face up to fifteen years in upstate prison.
In addition to the potential for imprisonment that accompanies a conviction of grand larceny in the second degree, there are very serious collateral consequences as well. Criminal background checks have become routine among employers when considering hiring decisions. Theft convictions make receiving job offers extremely difficult and sometimes impossible in certain employment fields. Grand larceny in the second degree is also considered a crime of moral turpitude and can have serious immigration consequences for those that are not United States citizens, including possible deportation.