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Business owner accused of grand larceny

Residents in New York may have heard news reports about other people being accused of robbery or larceny and might be confused about what these terms mean and how they may be different. Both robbery and larceny are forms of stealing or theft but robbery charges are used when some amount of force is said to have been involved in the incident. Larceny refers to the theft of some personal property that does not involve any force. 

One example of a case in which a charge of larceny is entered can be seen in a story reported recently by The Ithaca Voice. A man who owned a company that auctioned off property for individuals is accused of selling some items but not paying the estate for them. Presumably, the items that were sold were willingly given to the auctioneer so that he could sell them meaning that no force would have been involved in the incident.

Instead of paying people after he sold the items at auction, the man is said to have kept the money. In total, reports suggest that he owes more than $200,000 to an estate for the sale of the goods. No details are known about what the items were or their individual value.

The defendant reportedly turned himself into authorities but it is not known if he has or will enter a guilty plea or if perhaps he will negotiate a plea agreement with prosecutors. He remains in custody for the moment with a bond of $200,000 for property or $100,000 for cash.




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