A Nevada man has been sentenced to jail for defrauding the federal government of thousands and thousands of {dollars} by stealing US Treasury checks and the identities of their rightful recipients.
The US Lawyer’s Workplace for the District of Utah says 41-year-old Kyle Eugene Duncan-Carle has been sentenced to 72 months in jail after he admitted to committing financial institution fraud.
Authorities say that between January and September 2023, Duncan-Carle stole US Treasury checks that have been already made out to individuals or firms and stole their identities to open credit score union accounts underneath their names. He subsequently deposited the checks to have the ability to withdraw the funds, in response to prosecutors.
All in all, Duncan-Carle admitted to stealing no less than eight Treasury checks totaling $7.97 million.
In the long run, authorities say the victims, which embrace the US authorities, monetary establishments and an insurance coverage supplier, sustained $3.49 million in losses.
Duncan-Carle’s sentence additionally consists of 5 years of supervised launch after his six-year stint behind bars and an order to pay restitution to his victims.
He was reportedly arrested in Lyon County, Nevada, final yr and charged with financial institution fraud, aggravated id theft and receipt of stolen authorities property.
Observe us on X, Facebook and Telegram
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Examine Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses chances are you’ll incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney
