Magic Valley man busted for making counterfeit money

Posted at 5:12 PM, Jun 21, 2017
and last updated 2017-06-21 19:12:00-04

A Kimberly man has been arrested on multiple charges in relation to manufacturing counterfeit money, police say.

“Late last week, detectives with the Twin Falls Police Department received information from a confidential source that (counterfeit) money was being made at 3642 North 3400 East in Kimberly. We were able to follow up Monday (June 19th) to confirm the information,” said Lt. Terry Thueson of the Twin Falls Police Department.

About 11 a.m. Tuesday, investigators with the Twin Falls City Police Department, the Twin Falls County Sheriff's Office, and the United States Secret Service executed a search warrant at the Kimberly address.

Detectives say they seized several printers, computers and paper consistent with counterfeiting, and located several homemade checks and some counterfeit notes at the residence.

Ricky Allen Coats of Kimberly was arrested on multiple charges related to counterfeiting. 

Officials say Coats could face federal charges as well.

"We know that there are still several notes in circulation and would encourage businesses to continue to be diligent in checking to confirm the authenticity of any bills they are receiving as payment,” Detective Sergeant Luke Allen said.

The Twin Falls Police Department has been working several counterfeit cases over the past few months, involving counterfeit notes in the $20 to $100 denominations.