Final answer:
The specific category of felony for grand larceny involving property worth $3,500 or more varies by jurisdiction, but it could be classified as a category B felony in some areas. The category determines the severity of the punishment.
Step-by-step explanation:
If the value of the property involved in the grand larceny is $3,500 or more, the person who committed the grand larceny is guilty of a category felony. The specific category of the felony can vary depending on the jurisdiction. Generally, larceny becomes 'grand' rather than 'petty' based on the value of the property stolen, with higher values typically resulting in more severe felony charges.
In some jurisdictions, for example, if the stolen property is worth $3,500 or more, the crime could be classified as a category B felony, which typically carries a more severe sentence than lower categories. The categorization and associated penalties will depend on state law where the crime was committed, and can include incarceration, fines, restitution, and probation among other penalties. To ascertain the exact category, one should consult the laws of the relevant state or jurisdiction.