New York residents may be charged with larceny if they are accused of stealing property from another person by physically taking the property, using fraud to obtain the property or embezzling the property. To convict an individual for larceny, the prosecution must be able to show that the defendant intended to withhold the stolen property from its owner permanently or for such a long time that the property's value would decrease significantly.
A 24-year-old New York man is facing charges for conspiracy to commit shoplifting and shoplifting after an incident that occurred on March 16. Employees at the Milltown Home Depot said that a man tried to leave the store with about $4,000 worth of merchandise in a shopping cart at around 4:30 p.m.
When many people think about the act of shoplifting, visions of adolescents stealing candy from a gas station may come to mind. In reality, however, shoplifting is a much more serious and costly crime. In fact, according to the National Retail Federation, during 2014 alone, shoplifting accounted for monetary losses within the retail industry of roughly $12,160,000,000.