Theft Policy
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Theft is a felony of the first degree if the value of the stolen property or services is $300,000 or more. The punishment for a first-degree felony is a fine of not more than $10,000, imprisonment ranging from five to 99 years, or both.
Petty theft vs. grand theft. Robbery. Robbery is a theft that involves using violence, intimidation, or threats to obtain property. Armed robbery. When a gun, knife, or other weapon is used during a theft it is called an armed robbery. Embezzlement. Fraud. Shoplifting. Receiving stolen property. Writing bad checks.
Theft is defined by section 1 of the 1968 Act as dishonestly appropriating property belonging to another with the intention of permanently depriving the other of it.
Theft is the taking of another person's property or services or scrap money without that person's permission or consent with the intent to deprive the rightful owner of it.In some jurisdictions, theft is considered to be synonymous with larceny; in others, theft has replaced larceny.
