A Nevada man has been sentenced to prison for defrauding the government of millions of dollars by stealing US Treasury checks and the identities of their rightful recipients. The United States Attorney’s Office for the District of Utah says 41-year-old Kyle Eugene Duncan-Carle has been sentenced to 72 months in prison after he admitted to committing bank fraud. Authorities say that between January and September 2023, Duncan-Carle stole US Treasury checks that were already made out to people or companies and stole their identities to open credit union accounts under their names. He subsequently deposited the checks to be able to withdraw the funds, according to prosecutors. All in all, Duncan-Carle admitted to stealing at least eight Treasury checks totaling $7.97 million. In the end, authorities say the victims, which include the US government, financial institutions and an insurance provider, sustained $3.49 million in losses. Duncan-Carle’s sentence also includes five years of supervised release after his six-year stint behind bars and an order to pay restitution to his victims. He was reportedly arrested in Lyon County, Nevada, last year and charged with bank fraud, aggravated identity theft and receipt of stolen government property. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Man Drains $3,490,000 From US Government, Several Companies in Bank Fraud Scheme: DOJ appeared first on The Daily Hodl .
