Bonner County man sentenced for counterfeiting $50 bills

Posted at 11:37 AM, Sep 27, 2016
and last updated 2016-09-27 14:01:41-04

Daniel Snyder, 51, of Hope, was sentenced Monday for manufacturing counterfeit money, according to U.S. Attorney Wendy Olson. 

Senior U.S. District Judge Edward Lodge sentenced Snyder to one year and one day, to be followed by three months home confinement, and three years supervised release. 

Snyder was also ordered to pay $1,150 in restitution to counterfeit victims. He was indicted by a federal grand jury in Coeur d’Alene on January 20. 

According to the arguments made in court, Snyder admitted that in late 2015, and early 2016, he manufactured counterfeit $50 bills that were passed at businesses in both Sandpoint and Ponderay. 

In mid-January, the Bonner County Sheriff’s Office and a U.S. Secret Service agent served a search warrant at Snyder’s home. During the search, investigators seized a computer printer and other items that had been used to manufacture counterfeit currency, according to a news release from Olson’s office. 

At least forty-six notes were passed in north Idaho before Snyder was apprehended.