Grand Theft and it penalties

A grand theft is a type of theft accusations that comes under the theft crime. The grand theft occurs when an individual takes another property without the prior permission and if the value of the stolen goods exceeds $500. Grand theft is usually considered a felony in Texas, especially if a weapon was used to commit the theft.

The term "property" in the grand theft definition can include money, labor, real, or personal property that lawfully belongs to another individual or group of individuals.

Credit card fraud, internet fraud, identity theft etc are the few types of grand theft which is rising in the US. It is estimated that 25 million Americans become the victims of consumer fraud, often considered a grand theft offense, each year.

Penalties

• First Degree – Grand Theft
• Second Degree – Grand Theft
• Third Degree – Grand Theft

First degree grand theft If the value of the property is greater than $10,000 or more then the individual may face the following penalties

• Minimum sentence – 21 months in jail
• Maximum sentence – 30 years in prison
• Thirty years of probation
• Fine upto $10,000

Second degree grand theft If the value of the property is less than $100,000 but more than $20,000 then the individual may face the following penalties

• Maximum sentence – 15 years in prison
• 15 years of probation
• Fine upto $10,000

Third degree theft If the value of the property is less than $20,000 but more than $300 then the individual may face the following penalties

• Maximum sentence – 5 years in prison
• 5 years of probation
• Fine upto $5,000

The common punishments include over a year of prison time, restitution, expenses, and probation. Based on the product thieved, the value of the product, and the prior record of the individual charged of huge robbery, the penalties may be improved. Additionally, a huge robbery indictment can seriously impact your popularity, family connections, and job possibilities. Because of the particulars involved with huge robbery expenses, it is vital to have a Houston criminal attorney by your side.