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What are the classes of felony theft in Colorado?

Being charged with theft results in penalties, fines, and jail terms. In Colorado, several situations can be defined as theft, including retaining a valuable thing for more than 72 hours after the agreed-upon time for return. 

If you are charged with a theft felony, you should know the class of your case to make informed decisions. They include:

Class 2 felony

Any theft of a thing whose value is $1 million or more is a Class 2 felony. Punishments include a sentence of 8 to 24 years, $5,000 to $1,000,000 in fines and a mandatory 5-year parole if convicted.

Class 3 felony

Class 3 theft felonies involve properties with values of at least $100,000 but less than $1,000,000. Potential punishments include 4 to 12 years in prison, $3,000 to $75,000 in fines and 5 years mandatory parole upon conviction.

Class 4 felony

If the value of a stolen item is at least $20,000 but less than $100,000, the felony theft charge is in Class 4. This charge has a minimum sentence of 2 years and a maximum of 6 years. Fines range from $2,000 to $500,000. A conviction also has mandatory parole of 3 years. 

Class 5 felony

The theft of a thing with a value of at least $5,000 but less than $20,000 is a Class 5 felony. Those charged in this class face 1 to 2 years jail term with 2 years mandatory parole. Fines range between $1,000 and $100,000 if convicted of the charges.

Class 6 felony

Theft of an item with a value of at least $2,000 but less than $5,000 is a Class 6 felony. Punishments are 1 year to 18 months in prison, $1,000 to $100,000 in fine and 1-year mandatory parole when convicted.

Finding reliable solutions when charged with theft is vital. You should also consider your options to protect your finances and reputation.