"On August 9, 2007, the United States District Court for the Northern District of New York ruled that some the (We The People) Foundation's activities constituted the promotion of an illegal tax shelter by means of a statement or statements that the promoter "knows or has reason to known is false or fraudulent as to any material matter" under Internal Revenue Code section 6700 (26 U.S.C. § 6700), and that a court order prohibiting those activities under 26 U.S.C. § 7408 was appropriate." - Wikipedia
"On February 22, 2008, the United States Court of Appeals for the Second Circuit affirmed the judgment of the District Court." - Wikipedia
So the tax dodger Shultz lost in District court, the Second Circuit ruled against him, and the Supreme Court didn't see enough merit to the case to hear the case.
And this has bearing on the Federal Reserve how?