A Nevada man is heading to prison for a massive bank fraud scheme. Kyle Eugene Duncan-Carle, 41, was sentenced to six years in prison for stealing millions from the US government and several companies.
Stealing Checks and Identities
Between January and September 2023, Duncan-Carle pulled off a sophisticated scam. He stole US Treasury checks already made out to individuals and businesses. Then, he used the victims’ identities to open accounts at credit unions, depositing the stolen checks and withdrawing the cash.
Millions in Losses
He admitted to stealing at least eight checks totaling $7.97 million. However, the total losses to victims—including the US government, banks, and an insurance company—were $3.49 million.
The Sentence
Besides the six-year prison sentence, Duncan-Carle will also serve five years of supervised release and must pay restitution to his victims. He was arrested in Nevada last year and charged with bank fraud, aggravated identity theft, and receiving stolen government property.
