Man Allegedly Deposits $7 Million in Stolen U.S. Treasury Checks at Credit Unions

A Nevada man was indicted by a Utah federal grand jury for allegedly obtaining more than $7 million in U.S. Treasury checks and depositing them at credit unions in Utah, Nevada and Washington, the U.S. Attorney’s Office in St. George, Utah said.

Kyle Eugene Duncan-Carle, 40, of Las Vegas, appeared in federal court on Tuesday after the indictment was unsealed charging him with bank fraud, aggravated identity theft and receipt of stolen government property. He did not enter a plea.

U.S. District Court Magistrate Judge Craig S. Denney in Reno ordered that Duncan-Carle be detained by federal marshals who will transport him to Utah for further criminal legal proceedings, court filings showed.

Duncan-Carle allegedly conducted the scheme by obtaining stolen U.S. Treasury checks made out to individuals and companies. He is accused of assuming the identity of the individuals whose names were on the checks, opening credit union accounts under the assumed identities, depositing the checks and withdrawing the funds, according to federal prosecutors. They did not report the total amount of funds he allegedly withdrew.

In November 2022, the IRS issued a tax refund check for $821,333 to California residents S.G and B.G. The check number ended in 2751.

Five months later on April 13, 2023, Duncan-Carle and an unidentified woman opened an account at the $20.2 billion America First Credit Union’s Salt Lake City Metro branch and deposited a U.S. Treasury check number ending in 2751 for $821,333, according to the indictment.

Duncan-Carle and the unidentified woman allegedly assumed the identity of S.G and B.G. with counterfeit California driver’s licenses, their Social Security numbers and address.

On May 5, Duncan-Carle walked into an AFCU branch in Boise, Idaho and attempted to access the account he opened at the credit union’s Salt Lake City branch with his fake California driver’s license, Social Security card and an AFCU debit card linked to that account, federal prosecutors said. However, the indictment did not say whether Duncan-Carle successfully completed that transaction on the account.

The fraud scheme allegedly began on Jan. 31, 2023, when Duncan-Carle deposited a stolen U.S. Treasury check in the amount of $175,945 at the $1.8 billion Greater Nevada Credit Union based in Carson City, and on March 15, he allegedly deposited another stolen U.S. Treasury check in the amount of $844,789 at the same credit union, according to the indictment.

What’s more, on July 19, Duncan-Carle allegedly deposited a stolen U.S. Treasury check for $1,150,632 at a branch of the $1.1 billion Seattle Metropolitan Credit Union, and on Aug. 28, he allegedly deposited a stolen U.S. Treasury check for $4,073,092 at Greater Nevada, the indictment showed.

Duncan-Carle also had a sixth stolen U.S. Treasury check for $9,903, but court documents didn’t indicate whether he deposited that check at a credit union.

Federal prosecutors did not say how Duncan-Carle stole these checks.