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Press Release

Two Years in Prison for Man Who Made Counterfeit Money

For Immediate Release
U.S. Attorney's Office, Northern District of Iowa

A man who manufactured counterfeit twenty dollar bills was sentenced today to two years in federal prison.

Victor Ineson, Jr., age 42, from Forest City, Iowa, received the prison term after a November 2, 2017, guilty plea to manufacturing counterfeit currency.

In a plea agreement, Ineson admitted he used chemicals to wash the ink off lower denomination bills and reprinted each side of the bill so that it appeared to be a $20 bill.  Ineson acknowledged that he spent some of the counterfeit currency at area businesses.  During the execution of a search warrant at Ineson’s residence in May 2017, law enforcement officers seized $335 in counterfeit currency.  

Ineson was sentenced in Cedar Rapids by Chief United States District Court Judge Leonard T. Strand.  Ineson was sentenced to 24 months’ imprisonment.  He was ordered to make $240 in restitution to area businesses.  He must also serve a two-year term of supervised release after the prison term.  There is no parole in the federal system.

Ineson is being held in the United States Marshal’s custody until he can be transported to a federal prison.

The case was prosecuted by Assistant United States Attorney Justin Lightfoot and investigated by the Forest City Police Department, the Britt Police Department, the Mason City Police Department, and the Clear Lake Police Department. 

Court file information at

The case file number is 17-CR-3042-LTS.

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Updated April 25, 2018

Financial Fraud