If you use adwords editor you can just backup the old account and import it into a brand new account once setup afaik.
I'm surprised google haven't been more helpful though, and I'm not quite sure why a new account is needed... surely if they reset the password etc secure it completely, then allow you to choose new login details etc
I'd try and export the data out of your old account though, and start afresh. Sure, you will loose previous stats, and may have to start again a bit when it comes to quality scores etc, but at least you'll have all the adgroups keywords etc in place.
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