Former Fed Senior Adviser Arrested on Charges of Spying for China
A former senior adviser for the Federal Reserve Board of Governors was arrested on charges of spying for China, the Justice Department said Friday.
John Harold Rogers was charged with economic espionage. He is accused of consipiring to steal U.S. trade secrets and giving them to China. As part of that conspiracy Rogers made false statements to the Office of Inspector General for the Board of Governors of the Fed and the Consumer Financial Protection Bureau, the DOJ said.
"As alleged in the indictment, Rogers betrayed his country while employed at the Federal Reserve by providing restricted U.S. financial and economic information to Chinese government intelligence officers," said Assistant Director Kevin Vorndran of the FBI Counterintelligence Division. "This information could allow adversaries to illegally gain a strategic economic advantage at the expense of the U.S."
Rogers worked as a senior adviser of the Fed from 2010 until 2021 and, from as early as 2018, he allegedly exploited his employment by soliciting trade-secret information on economic data sets, and deliberations about potential tariffs against China, the DOJ said.
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