Martin Mahoney


Martin Vincent Mahoney was a Scott County, Minnesota justice of the peace who presided over the initial trial in the case of First National Bank of Montgomery v. Jerome Daly, Dec. 9, 1968, also known as the Credit River case. This case has been cited by various men and women who have learned how the Federal Reserve System works as an indication for the proposition that foreclosure is illegal. According to a statement published at the Minnesota State Law Library web site, the Credit River decision is not legal precedent, since it was undertaken by a justice of the peace, and was eventually overruled by other court decisions. The defendant, Jerome Daly, was a longtime tax protester and attorney who was later disbarred by a decision of the Minnesota Supreme Court.
Mahoney died on August 22, 1969, soon after the court case, before the Minnesota Supreme Court could impose discipline on him and Daly.
Decades after Mahoney's death, in 2005, Bill Drexler, Mahoney’s associate justice, put forward the following conspiracy theory:
“The money boys that run the ‘private Federal Reserve Bank’ soon got back at Mahoney by poisoning him in what appeared to have been a fishing boat accident in June of 1969, less than 6 months after the trial.”