Virginia Theft Policy

State:
Multi-State
Control #:
US-240EM
Format:
Word; 
Rich Text
Instant download

Description

This policy informs employees that theft from the company or other employees will not be tolerated.

How to fill out Theft Policy?

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FAQ

Difference Between Petit and Grand Larceny As a general rule the difference between the felony and misdemeanor is determined by the value of the item that has been allegedly stolen. If it's $200 or more makes it a felony, if it's less than $200 then it's a misdemeanor.

In Virginia, petty theft is defined as (1) the theft of any item worth less than $500, or (2) the theft of any item worth less than $5 from another's person.

The one thing that elevates theft charges in Virginia to a felony level is the value of the item allegedly stolen. When a person is charged with stealing something that has a value greater than $500, it is automatically a felony in Virginia.

Penalties for Petit Larceny and Shoplifting in Virginia Petit larceny and shoplifting items valued at less than $1000 is a Class 1 misdemeanor in Virginia. The penalties for a conviction of a Class 1 misdemeanor include: Up to 12 months in jail, Fine of up to $2,500, or. Both.

When a person is charged with stealing something that has a value greater than $500, it is automatically a felony in Virginia.

If a person is charged with the first offense of shoplifting and it is under $500, in most jurisdictions, the person is not going to get any jail time and in some jurisdictions, the person will but they certainly will not get anywhere near a year. There are possible penalties that might be available under Virginia law.

In Virginia, petit larceny is defined as larceny from a person of money or other thing valued at less than $5 or larceny not from the person of goods valued at less than $500. Petit larceny is a Class 1 misdemeanor (Code of Virginia § 18.2-96).

Yes, in some cases, petty theft charges can be dropped. Defendants can complete a pretrial diversion program, take a plea bargain that reduces the charges, or present prosecutors with exculpatory evidence.

If the merchandise is valued at less than $500, it is petit larceny; if it is valued at $500 or more, the offense is grand larceny. It is important to know that simply concealing the merchandise while on the premises is considered evidence of the intent to take it (Code of Virginia § 18.2-103).

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Virginia Theft Policy