Agent Freedman was an agent of the United States Department of the Treasury tasked with recovering 10 million dollars stolen by the criminal, Munson. With the assistance of Warden Harris and an inmate by the name of Ford at the same prison housing Munson, Freedman was able to gather the necessary information. In appreciation of Ford's cooperation and involvement in convicting Munson, Freedman agreed to use the reward commission to open an account in an Albuquerque, New Mexico bank under the name of Clementine Phillips, Ford's daughter. ("Every Man for Himself")
His name is most likely a pun rising from the fact that James Ford is imprisoned, though this is conjecture.