In New York State, this particular offense includes knowingly possessing stolen property with a price under $1,000. For instance, somebody knowingly retaining a stolen bicycle price $500 may face this cost. The “fifth diploma” designation signifies its place throughout the hierarchy of property-related crimes, indicating a much less extreme offense in comparison with larger levels involving better property values or different aggravating elements.
This authorized distinction serves to categorize offenses and tailor penalties appropriately. Its presence within the authorized code helps shield people from property theft and establishes a framework for restitution and justice. The historic improvement of such legal guidelines displays a societal curiosity in safeguarding property rights and deterring theft. By defining and addressing this particular stage of offense, the authorized system goals to create a extra simply and equitable society for all.