Grand Larceny Crimes
Grand larceny crimes cover all manner of theft in the state of New York. There are four levels of grand larceny, usually dependent on the value of the property that has been stolen, from $1,000.00 up through $1 million. The most severe crime is a class B felony, punishable by up to 25 years in prison. The degree of the crime can also refer to how the money is stolen. So, for example, money stolen from an ATM machine is automatically grand larceny in the 3rd degree, regardless of the amount of money stolen.
Recently, the District Attorney’s office has issued multiple indictments against individuals accused of grand larceny. Yaniv Erez was a resident of Miami Florida and also happened to be a landlord who rented his property out to unsuspecting tenants in Brooklyn. According to the indictment, the landlord was involved in a scheme which took money from tenants and evicted them for frivolous reasons. According to the investigation and court papers, in one case, the defendant met with a tenant at their residence. The tenant handed over $6,000.00 in cash for two month’s security deposit and the first month’s rent. The tenant gave a blank signed check to also rent the basement of the residence and asked the defendant to write it out for $1,500.00. Instead, the defendant wrote it out for $2,500.00 The check bounced, so the tenant provided the defendant with another signed check. Again, the defendant is accused of writing out $2,500. The second time, the check cleared.
This tenant moved into his property, and a month later, he was informed that the landlord had information to force the tenant to vacate. The tenant refused to move, and the defendant then arrived with law enforcement and an order to vacate. When the tenant was able to return to his apartment, his personal property had been damaged and the apartment was no longer habitable. The indictment accuses Mr. Erez of stealing over $8,000.00 from his tenants. He was extradited from Florida for prosecution.
In another case, Joseph Casertano of Mill Basin Brooklyn was arraigned on an indictment which charged him with fraud and grand larceny, among other things. According to the court records, between October 1, 2011, and July 31, 2017, the defendant told his friends that he had an investment company. He convinced 22 people to invest in initial public offerings (IPO’s) in amounts of $12,500.00. The defendant told his investors they were getting high rates of return and showed them account numbers and statements showing growth. As a result, the investors continued to put money into the stocks, believing they were highly profitable. When it came time for some of the investors to withdraw their money, the defendant told them they could not, citing securities regulations. After an investigation, it was revealed that the defendant never invested the money or opened any accounts. Instead, he deposited the checks into three personal accounts he controlled, and paid for meals, vacations, credit card payments, and made withdrawals of over $200,000.00. His total bill for grand larceny is over $440,000.00 – Grand Larceny in the Second Degree. He faces up to 15 years in prison if convicted.