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They are different crimes. The offenses are probably both serious and the severity of the crimes will depend upon the jurisdiction that you are in. For example, in New York, the following is the code section and the charges for grand larceny -- all are felonies, a serious charge.jordanday said:basicly the questions are is there a difference between embezzlement and grand larceny in the courts eye? and is this charge a big one for a first time offender?