Final answer:
The statement is false; whether pocket picking is classified as grand theft depends on the jurisdiction and the value stolen.
Step-by-step explanation:
The statement that theft of any amount of money by picking a pocket is grand theft is not universally true and can be misleading. Laws regarding theft, grand theft, and the amounts that differentiate them vary by jurisdiction. In many places, theft is classified as 'petty' or 'grand' based on the value of the money or items stolen. Grand theft is typically characterized by the theft of property exceeding a certain monetary value, which can be quite higher than what's usually obtained through pocket picking. Therefore, this statement is overly generalized and can only be considered true if the jurisdiction designates all instances of pocket picking as grand theft, regardless of the amount taken, which is not commonly the case.