Possession Of Stolen Goods Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Possession Of Stolen Goods, written in plain English, along with examples of how it is used.

What is Possession Of Stolen Goods?

n.An act of keeping in possesion goods that have been obtained by illegal means like theft, fraud,smuggling etc.If the person is aware that the goods are stolen then it is considered a crime but if he is innocent than the goods are returned to the actual owner.

History and Definition of Possession Of Stolen Goods

Possession of stolen goods is a crime that has been in existence for centuries. It involves knowingly keeping or controlling the property of someone else, which has been unlawfully taken from them. The possession of stolen goods does not necessarily mean that the possessor was the one who stole them. It is enough that they had full knowledge of the illegal origin of the property.

In many jurisdictions, possession of stolen goods is considered a crime in itself, punishable by imprisonment or fines. The reason behind this is that the possession of stolen goods is an offence against property rights, and poses a threat to the security and integrity of public and private property. It also makes it more difficult for stolen property to be recovered, and for victims of theft to be adequately compensated.

Examples of Possession Of Stolen Goods

Here are a few examples of scenarios that could involve the possession of stolen goods:

  • A pawnshop owner buys a valuable ring from someone who, upon investigation, turns out to have stolen it from its true owner.
  • An individual accepts a bike from a friend or acquaintance, without knowing that it was stolen from a bike rack.
  • An online seller advertises the sale of a high-end camera at a cheap price, without disclosing that it was stolen from a store.

Legal Terms Similar to Possession Of Stolen Goods

Here are a few legal terms that are similar to possession of stolen goods:

  • Receiving stolen property: Similar to possession of stolen goods, this offence involves receiving or acquiring property that you know or believe to be stolen.
  • Embezzlement: This crime involves stealing funds or assets that you have been entrusted with, such as from an employer, group or society.
  • Theft: This is the act of taking or appropriating property without the consent of the owner, and with the intention of depriving them of it. Possession of stolen goods is considered to be a related offence.