The act of acquiring or possessing property known to be stolen constitutes a criminal offense under California law. This encompasses a wide range of items, from tangible goods like electronics and vehicles to intangible assets such as data and intellectual property. For example, purchasing a discounted smartphone from an unauthorized individual knowing it was obtained illegally would fall under this legal definition. Intent to deprive the rightful owner of their property is a crucial element of this offense.
This legal framework serves several vital purposes. It safeguards property rights, deters theft by eliminating the market for stolen goods, and assists law enforcement in recovering stolen property and prosecuting those involved in criminal activity. Historically, laws addressing the possession of stolen goods have evolved to reflect societal values and address increasingly sophisticated methods of theft and resale. These protections contribute to a more secure and just society.