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Anytime an individual steals property valued up to $950, it is considered petty theft and is a misdemeanor. If they have a prior petty theft offense, it can be charged as a felony. The penalties that are associated with this crime include fines or imprisonment for up to 6 months in jail or both.
In most states, these two crimes are now incorporated within the broader crime of larceny and the term ?theft crime? is used to represent different types of property crimes, including larceny, robbery, burglary, shoplifting and auto theft.
Although many people are aware that wage theft occurs, most do not know just how common it is.
Ing to Art. 141/1 which regulates the simple form of theft crime: ?Those who take a movable property from its place without the consent of the possessor to provide benefit to himself or someone else are sentenced to one to three years imprisonment.?
Theft, in law, a general term covering a variety of specific types of stealing, including the crimes of larceny, robbery, and burglary. Theft is defined as the physical removal of an object that is capable of being stolen without the consent of the owner and with the intention of depriving the owner of it permanently.