Grand theft is treated as a felony crime and occurs when a person steals money or property with a total value exceeding $2,000. The punishment for grand theft of property valued between $2,000 and $10,000 could be a prison sentence of up to five years. The court could also impose a fine of an amount fitting of the crime. When the total value of stolen money or property exceeds $10,000, a prison sentence of up to ten years could be imposed. Additionally, the court has the discretion to issue a fine in an amount it deems appropriate.