Currently, theft of goods valued at $500 or more is considered the felony of Grand Larceny, punishable by up to 20 years in prison. The amount was increased from $200 to $500 in 2016. However, the Virginia General Assembly introduced bills this session to increase the amount to $1,000. The Governor approved the increase, and effective July 1, 2020, the threshold amount for Grand Larceny will increase to $1,000. Grand Larceny and Petit Larceny are crimes of moral turpitude and have serious, long lasting consequences. If you find yourself charged with an offense like, a Whitestone Young attorney can explain the court process to you and assist you in your defense.
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