Bonner County Man Sentenced for Counterfeiting Currency

COEUR D’ALENE – Daniel Keith Snyder, 51, of Hope, Idaho, was sentenced yesterday for manufacturing counterfeit obligations, U.S. Attorney Wendy J. Olson announced.  Senior U.S. District Judge Edward J. Lodge sentenced Snyder to twelve months 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.  Snyder was indicted by a federal grand jury in Coeur d’Alene on January 20, 2016. 

According to the arguments made in court, Snyder admitted that in late 2015, and early 2016, he manufactured counterfeit $50 notes that were passed at businesses in Sandpoint and Ponderay.  In mid-January 2016, the Bonner County Sheriff’s Office and a U.S. Secret Service agent served a search warrant at Snyder’s residence.  During this search, investigators seized a computer printer and other items that had been used to manufacture counterfeit currency.  At least forty-six notes were passed in north Idaho before Snyder was apprehended.

 “This conviction is the culmination of a collaborative effort by the Bonner County Sheriff’s Office, Ponderay Police Department, U.S. Attorney’s Office and U.S. Secret Service,” said Resident Agent in Charge of the Spokane Office of the Secret Service Greg Ligouri.  Ligouri went on to say, “the Secret Service truly believes in the partnership approach to policing.  By working together, law enforcement has a greater impact on our communities and in stopping those who prey on them.” 

 The case was investigated by the Bonner County Sheriff’s Office, Ponderay Police Department, and the Spokane office of the United States Secret Service.