Nevada Man Sentenced for $7.9 Million Bank Fraud Scheme

Duncan-Carle, a Las Vegas resident, was sentenced to 72 months in prison after admitting to stealing over $7.9 million from U.S. Treasury checks between January and September 2023. The fraud targeted traditional financial institutions, resulting in an estimated loss of $3.49 million. Duncan-Carle’s case underscores vulnerabilities within the banking sector, without affecting cryptocurrency markets.