She's a legal adult, I'm not sure why anyone feels it's necessary to get involved. Does she still live with them, do they support her? If so, then yes, I would think they have a right to know. Otherwise, I would tell them I'd take care of it myself.
Especially in this case, where you know she did it, the odds favor a penalty. If someone does something stupid like steal, and then something else stupid like not even get a lawyer, or ask for help with getting one, then they're just helping to thin the herd for us.
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