| lar·ce·ny –noun, plural -nies. Law.
 the wrongful taking and carrying away of the personal goods
 of another from his or her possession with intent to convert
 them to the taker's own use.
 And for your reading -- How California feels about it:
 The crime of receiving stolen property occurs when a person buys or possesses property that has been stolen through
 theft, fraud, deceit, embezzlement, or taken by any other
 unlawful means by someone else.
 The receiver of stolen property could be convicted if he or she knew the goods were stolen at the time of receipt and
 was intending to aid the thief. Here are some examples:
 A person buys a luxury watch from a street vendor at a surprisingly low price
 A person suddenly acquires an expensive TV, car and/or other
 high-priced items without having the financial means to do
 so
 A person offers his or her garage for storing unlawfully
 acquired items
 A person receives a copy of an unlawfully acquired private
 or unpublished document, transcript, deed, or other form of
 intellectual property
 California Law
 According to California Penal Code Section 496, conviction
 can apply to “Every person who buys or receives any property
 that has been stolen, knowing the property to be so stolen
 or obtained…” or if a person “conceals, sells, withholds, or
 helps to conceal, sell, or withhold any property from the
 owner.”
 Depending on the value of the property in question and the discretion of the district attorney, this crime could be
 charged as a misdemeanor or a felony in California (also
 known as a “wobbler.”)
 Penalties for Receiving Stolen PropertyA typical misdemeanor conviction, for property valued at
 under $400, is punishable by paying a fine and/or spending
 up to one year in county jail depending on how the judge
 classifies this punishment "in the interests of justice."
 The penalty for a misdemeanor conviction can also be
 increased if the defendant has any prior theft convictions.
 A felony conviction for receiving stolen property or aiding a thief could result in being sent to state prison or county
 jail for up to 1 year. The prison term is based on the
 severity of the crime: the value of the stolen property and
 the defendant’s prior criminal record.
 
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