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(A) It is unlawful for a person to buy, receive, or possess stolen goods, chattels, or other property if the person knows or has reason to believe the goods, chattels, or property is stolen. A person is guilty of this offense whether or not anyone is convicted of the property theft.
If the item taken has a value greater than $2,000, the crime is defined and grand larceny in South Carolina. Grand larceny is a felony criminal charge. If the item taken has a value less than $2,000, the crime is defined as petit larceny in SC. Petit larceny is punishable as a misdemeanor offense.
Larceny and possession of stolen goods are graduated offense with the potential penalties based on the dollar amount of the property that is alleged to have been taken. If the dollar amount is: Less than $2,000: a misdemeanor punishable by 30 days. Larceny and Receiving or Possession of Stolen Goods grandstrandlaw.com ? larceny-and-receiving... grandstrandlaw.com ? larceny-and-receiving...
Penalties for Possession of Property Obtained by Crime If you are found in possession of stolen property worth more than $5,000, the Crown can treat that as an indictable offence punishable by a maximum prison term of 10 years, with lesser penalties given if it is treated as a summary conviction.
The penalties for possession of a stolen vehicle in South Carolina depend on the circumstances of the case. Generally, possession of a stolen vehicle is a felony offense. If the value of the vehicle is less than $2,000, you may face up to five years in prison and a fine of up to $10,000.