First degree larceny is when property is stolen that that exceeded $20,000. 2nd degree larceny refers to property that has been stolen that exceeds $10,000.
Possession means that you have the property, chances are you knew it was stolen. Receiving Stolen Property means that you got it and you knew it was stolen. Typically this would be the person that bought it from a thief.
receiving stolen property
"Rationales?" How about GREED.
larceny grand larceny larcely of private property larceny of government property
Not enough information to answer the question. MY GUESS would be that law enforcement can PROVE that you DID once have the stolen property in your possession.
Receiving stolen property is considered a crime because it encourages theft by providing a market for stolen goods. It also undermines the integrity of the legal system by allowing individuals to profit from illegal activities.
According to Chapter 61, Article 3 in West Virginia Code (61-3-13); larceny becomes grand larceny when the value of the stolen property or goods equal at least $1000.00. Petit larceny is considered a misdemeanor while grand larceny is considered a Felony.
You were found to be in possession of stolen property. It's also known in other jurisictions as "Receiving Stolen Property."
It depends upon the value of the property.
If you took that money and now know it was stolen, yes you can be prosecuted under the law. Now you have become an accessory to the fact (receiving stolen property).
The goods must be received for a dishonest purpose. Therefore, a person who receives stolen property for the purpose of returning it to its owner or to proper authorities is not guilty of receiving stolen property.