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No and yes. The city will not offer you your money back, however, you can sue the officer who mistakenly arrested you in small claims or civil court. The precedent-setting case is happening right now in San Francisco (11/2008) where judges threw out the claim against the city but have allowed the civil suit to proceed against the two officers who made the arrest.

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Q: Can you get your money back if you are falsely arrested?
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