William Bozeman, an independent inventor with a colorful history, says he used to have a good relationship with the Federal Reserve System and even helped improve its fraud detection efforts.
He thought the Fed was working toward a licensing deal for some of his software, which he said could help spot fraudulent checks earlier than the system it was using.
So he was stunned when the government’s central bank in 2017 went to war with him “out of nowhere” by filing a federal lawsuit and two challenges to his patents with the U.S. Patent and Trademark Office.
The Fed described Mr. Bozeman as an opportunist, trying to demand money for technology he didn’t invent.
Mr. Bozeman said he is being bullied by the secretive central bank and that the Fed is trying to run up his legal bills by filing all the complaints in an effort to make him go away.
“This appears to be a David versus Goliath story,” said Terry Fokas, a lawyer and founder of a Dallas-based patent software company. “The Federal Reserve, with all of its resources, appears to be trying to bury an independent inventor.”
DALLAS–(BUSINESS WIRE)–3rd Eye Surveillance, a small business that designs, installs and services digital video surveillance systems, has filed an infringement lawsuit against the federal government in the U.S. Court of Federal Claims seeking damages exceeding $1 billion for unlawful use of the company’s three video and image surveillance patents. The owner of the patents, Discovery Patents, LLC of Baltimore Maryland, is also a Plaintiff.
“The federal government has knowingly infringed 3rd Eye’s patent rights and has impeded the company’s ability to do business”
James Otis Faulkner, the founder of Discovery Patents, invented the surveillance system patents in 2002 to improve residential and commercial security alarm systems while helping safeguard people and property from potential emergencies, including criminal activity, acts of terror, natural disasters and medical emergencies.