Nevada man arrested and indicted after allegedly stealing over $7 million worth of treasury checks

Date: April 29, 2024

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An indictment was unsealed today following the arrest of a Nevada man who was indicted earlier this month by a federal grand jury for multiple federal crimes, including bank fraud.

According to court documents, Kyle Eugene Duncan-Carle, of Las Vegas, Nevada carried out a scheme to defraud multiple credit unions from January 2023 through September 2023 in the District of Utah. Duncan-Carle conducted the scheme by obtaining stolen U.S. Treasury checks made out to individuals and companies, assuming the identity of the individuals whose names were on the checks, opening credit union accounts under the assumed identities, and then depositing the checks and withdrawing the funds. The scheme resulted in Duncan-Carle obtaining at least six stolen treasury checks that totaled $7,075,695.55. This included an incident in April 2023 when Duncan-Carle assumed a victim's identity, opened an American First Credit Union account under the victim's name, and deposited a stolen tax-refund check for $821,333 made out to the victim. Duncan-Carle was arrested over the weekend in Lyon County, Nevada.

Duncan-Carle is charged with bank fraud, aggravated identity theft, and receipt of stolen government property. Because Duncan-Carle was arrested in Nevada, his initial court appearance on the indictment will take place at a United States District Courthouse in Nevada.

U.S. Attorney, Trina A. Higgins, of the District of Utah made the announcement.

The case is being investigated by the Internal Revenue Service, Criminal Investigations (IRS-CI); the Internal Revenue Service Treasury Inspector General for Tax Administration (TIGTA); and the FBI Salt Lake City Field Office.

Assistant United States Attorneys Stephen P. Dent and Luisa Gough of the U.S. Attorney's Office for the District of Utah are prosecuting the case.

An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law