| NY Federal
Reserve Secretly Settles After Fired Ex
FBI Agent Sama Escorted Him Out at 69
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Oct 27 – Robert N. Sama, 69,
was terminated by the Federal
Reserve Bank of New York on
February 19, 2020. He had
worked there since 2007.
He filed a
lawsuit in the U.S. District
Court for the Southern
District of New York on
December 10, 2020 - Inner City
Press reported it that same
day. And now on
October 27, 2021, the move to
settle with no transparency,
see below.
From the
complaint we learn that "each
FRS Bank maintains an on-site
law enforcement commad called
a Law Enforcement Unit."
Sama was
Vice President of the FRBNY's
LEU. He had previously been
with the FBI for 29
years.
After Sama's
"escorted ejection," his job
was given to LEU Captain
Ronald Porter, who was "jumped
three level" to handle Sama's
LEU responsibilities. Here
is Sama in a Fed report, as
Vice President, Federal
Reserve Law Enforcement. Law,
indeed.
His complaint has
been assigned to SDNY
Judge Valerie E. Caproni, and
Magistrate Stewart D. Aaron.
On February 9,
the FRBNY filed an answer via
an outside law firm, arguing
among other things that the
SDNY "lacks subject matter
jurisdiction," that Sama
"failed to mitigate his
alleged damages" and that
State and City claims are
"preempted by federal law."
Similarly,
the Federal Reserve says that
the FRBNY and other Reserve
Banks are not subject to FOIA.
Why then can they approve bank
mergers? Inner City Press has
FOIA requests pending.
On October 27,
amid a scandal about
conflicted stock trading by
Federal Reserve Bank
presidents and others, the
FRBNY's outside counsel filed
a letter to Judge Caproni that
"the parties have reach an
agreement to settle this
matter and are in the process
of finalizing the settlement
agreement." The Fed asks for
adjournment. But what are the
terms of the settlement? If
company are pushed to disclose
this, how much more so the
Fed? Uh, Congress?
The case is Sama
v. Federal Reserve Bank of New
York, 20-cv-10450 (Caproni)
***
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