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The penalty for a third degree felony is a maximum of 5 years in jail and a $5,000 fine. If the property stolen is valued between $100 and $299, then the defendant will be charged with a 1st Degree Misdemeanor, which carries a maximum penalty of 1 year in jail and a $1000 fine.
J.M.A., Member In Good Standing Of The Connecticut Bar / FreeAdvice Contributing Attorney Answered 7 years ago | Contributor. In most states, theft is either a felony or a misdemeanor depending on how much money was taken. The statute of limitations for most felonies (the most serious crime) is 5 years. Thus, after 5 years from the date of the alleged criminal act, the state may not prosecute you for the crime. In this case, the bank has transaction records of what happened on the day in question.