Nevada Crypto Grifter Busted—Turns Out Stealing From the Treasury Isn’t DeFi Innovation
Another day, another ’financial disruptor’ learns the hard way that old-school crimes don’t magically become legit when you skip the white paper.
From Checks to Cuffs
A Nevada man just got locked up for swiping millions in Treasury checks—proving even analog scams can thrive in the digital age. Who needs blockchain when bureaucracy has such juicy attack vectors?
The IRL Rug Pull
Forget flash loans—this genius bypassed smart contracts entirely and went straight for Uncle Sam’s wallet. The SEC might move slow on crypto cases, but Treasury theft? That’ll get you a same-day indictment with extra handcuffs.
Meanwhile, Wall Street bankers reading this from their ergonomic chairs: *’Amateurs. Real pros get bailouts, not jail time.’*
Jamie Dimon Predicts Bond Market Shock, Urges U.S. to Fix Its Foundations
Following his 72-month prison sentence, Duncan-Carle will be subject to five years of supervised release. He has also been ordered to repay the stolen money as restitution to the victims.
His arrest in Lyon County, Nevada, last year led to charges including bank fraud, identity theft, and receiving stolen government property—charges to which he ultimately pleaded guilty.
