It's not the Fed. It's the US Marshals Service, part of the Department of Justice. (The Federal Reserve isn't actually part of the US government at all, though

It's not the Fed. It's the US Marshals Service, part of the Department of Justice. (The Federal Reserve isn't actually part of the US government at all, though it's deeply intertwined.) They sell it by auction, which they announce in advance. There is no insider information, so no laws to run afoul of.