Differentiate between petty and grand larceny Larceny, the most common theft crime, involves taking the legal possessions of another. Petty larceny is typically theft of amounts under a particular...

Differentiate between petty and grand larceny Larceny, the most common theft crime, involves taking the legal possessions of another. Petty larceny is typically theft of amounts under a particular amount, ranging from $5 to $1,000 (depending on state law); grand larceny is theft over that amount. Grand larceny is a felony, petty larceny a misdemeanor.