Hope resident sentenced for counterfeiting

By Cameron Rasmusson
Reader Staff

A Hope man is facing hard time in federal prison for printing several fake $50 bills.

The Spokesman-Review reports that Keith Daniel Snyder, 51, was sentenced to a year and a day in prison for using phony $50 bills in stores throughout Sandpoint and Ponderay. Afterward, he’ll serve three months of home confinement, three years of supervised release and pay $1,150 in restitution to affected businesses.

Snyder pulled off his crime by using a simple Hewlett-Packard printer to ink a $50 bill face over treated $1 bills. Prosecutors were able to prove 46 counts of the crime between November 2015 and January 2016.

Defense attorneys for Snyder said his actions were spurred by a methamphetamine addiction that began in 2012. They argued for a lenient sentence based on Snyder’s previously clean record. While Snyder will face prison time despite their arguments, it’s a sentence far shy of the maximum 20 years in prison and $250,000 in fines.

The U.S. Attorney’s Office, the Spokane office of the United States Secret Service, Bonner County Sheriff’s Office and Ponderay Police Department teamed up on a joint investigation of the crime.

While we have you ...

... if you appreciate that access to the news, opinion, humor, entertainment and cultural reporting in the Sandpoint Reader is freely available in our print newspaper as well as here on our website, we have a favor to ask. The Reader is locally owned and free of the large corporate, big-money influence that affects so much of the media today. We're supported entirely by our valued advertisers and readers. We're committed to continued free access to our paper and our website here with NO PAYWALL - period. But of course, it does cost money to produce the Reader. If you're a reader who appreciates the value of an independent, local news source, we hope you'll consider a voluntary contribution. You can help support the Reader for as little as $1.

You can contribute at either Paypal or Patreon.

Contribute at Patreon Contribute at Paypal

You may also like...

Close [x]

Want to support independent local journalism?

The Sandpoint Reader is our town's local, independent weekly newspaper. "Independent" means that the Reader is locally owned, in a partnership between Publisher Ben Olson and Keokee Co. Publishing, the media company owned by Chris Bessler that also publishes Sandpoint Magazine and Sandpoint Online. Sandpoint Reader LLC is a completely independent business unit; no big newspaper group or corporate conglomerate or billionaire owner dictates our editorial policy. And we want the news, opinion and lifestyle stories we report to be freely available to all interested readers - so unlike many other newspapers and media websites, we have NO PAYWALL on our website. The Reader relies wholly on the support of our valued advertisers, as well as readers who voluntarily contribute. Want to ensure that local, independent journalism survives in our town? You can help support the Reader for as little as $1.