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Thread: Citizen Sues Atlanta Fed

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  1. #16
    Quote Originally Posted by Richard Earl View Post
    With some brief information on qui tam action, this gets a little more interesting.

    False Claims Act, 31 U.S.C. § 3729

    The False Claims Act (31 U.S.C. §§ 3729–3733, also called the "Lincoln Law") is an American federal law which allows people who are not affiliated with the government to file actions against federal contractors claiming fraud against the government. *from wikipedia

    This could fall into that category.

    I suppose he has to show that the FRB is not accounting for redeemed money.
    Exactly. If you look at his complaint he makes that assumption. He says the FRB never intended to redeem the notes. I just cannot see, without express intent to appear PAG how any judge can accept that as anything more than whimsical mind-reading. If he is PAG in fact though, he would exercise that authority to gather evidence for an indictment before going into the USDC for a judgment/remedy.

    Thank you Trust Guy!

    It appears that statute has redacted PAG to a reward process to regain the expense of that investigation, among others - today's version of a qui tam action. For one thing though, it looks like you must proceed under licensure of the Bar; at least according to statute. You simply become an attorney for the general public instead of a specific client.
    Last edited by David Merrill; 06-25-11 at 07:39 AM.

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