ST. GEORGE, Utah, April 30, 2024 (Gephardt Daily) — A Nevada man has been charged federally for an alleged $7 million fraud inflicted on Utah.
Kyle Eugene Duncan-Carle, 40, of Las Vegas allegedly carried out a scheme to defraud multiple credit unions from January 2023 through September 2023, in Utah, involving $7 million worth of stolen U.S. treasury checks, according to the Department of Justice U.S. Attorney’s Office for 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,” prosecutors said
The scheme resulted in Duncan-Carle obtaining at least six stolen checks that totaled $7,075,695.55, the DOJ said in detailing a grand jury indictment unsealed Monday after Duncan-Carle’s arrest over the weekend. “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 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 in federal court in Nevada.
The case is being investigated by the Internal Revenue Service, Criminal Investigations, the Internal Revenue Service Treasury Inspector General for Tax Administration, and the FBI Salt Lake City Field Office.
