What is felony theft?

Felony theft is a type of theft that involves the stealing of property or assets that are of higher value than a certain monetary amount. In most jurisdictions, the value of the stolen property must exceed a specific threshold (such as $500 or $1,000) for the offense to be considered a felony. Felony theft is a serious criminal offense that can result in severe legal consequences, including imprisonment, substantial fines, and a permanent criminal record. The severity of the punishment will depend on the value of the stolen property, the defendant's criminal history, and other factors that may affect the case. In addition to facing criminal charges, individuals convicted of felony theft may also face civil litigation and other legal consequences.