People v. Pond

Defendant, a real estate broker, was charged with grand theft in violation of paragraph 1 of section 487 of the Penal Code. That statute provides in material part, 11 Grand theft is theft committed in any of the following eases: 1. When the money, labor or real or personal property taken is of a value exceeding two hundred dollars ...” Defendant pleaded not guilty and was tried by a jury instructed at length, among other things, as to the sections of the Labor Code which regulated the exaction by employers of cash bonds from employes or applicants, including section 405, which provides that…