Nevada Man Sentenced for $7.97M US Treasury Fraud

• Lyla Velez
• June 1, 2025
• Uncategorized
• 0 Comments

Kyle Eugene Duncan-Carle, a 41-year-old from Nevada, has been sentenced to six years in prison for stealing $7.97 million through US Treasury check fraud in 2023.

Between January and September 2023, Kyle Eugene Duncan-Carle orchestrated a fraud scheme involving the theft of over $7.97 million in US Treasury checks. Using stolen identities, he opened fraudulent credit union accounts to deposit and access these funds for personal gain. Sentenced in Salt Lake City, Duncan-Carle faces six years in prison and must pay restitution. The legitimate recipients of these checks suffered substantial losses, underscoring the scheme’s impact on government funds and private citizens.

Our office will continue to work diligently to hold those who engage in fraud accountable for their actions, especially when they steal from the government and defraud individual victims.

The financial ramifications totaled $3.49 million in losses to victims, including the US government. The United States Attorney’s Office and IRS Criminal Investigation played crucial roles in bringing Duncan-Carle to justice. His actions have significant financial and legal outcomes, focusing on the integrity of government-issued financial instruments. This case stands apart from recent cryptocurrency-related crimes, highlighting vulnerabilities in traditional financial systems. While broader market impacts appear minimal, attention to regulatory measures for preventing such frauds in the future may increase.

The sentencing serves as a significant lesson on the potential severity of penalties for financial fraud within conventional banking mechanisms. Continued monitoring and analysis of similar cases may reveal trends affecting financial security. Emphasis on prevention and regulatory updates could result from this incident, shaping future strategies against identity theft and check fraud.