Posted on 02/02/2025 4:44:30 AM PST by Libloather
John Harold Rogers, a former U.S. Federal Reserve official, has been accused of conspiring to steal Fed trade secrets to help China by the U.S. Justice Department.
The U.S. attorney's office outlined the charges faced by Rogers, a former senior adviser for the Federal Reserve Board of Governors (FRB) arrested on Friday.
Newsweek has contacted the U.S. Federal Reserve and the Chinese embassy in Washington, D.C. for comment.
Why it matters
The Fed's international finance division researches foreign economic activity, U.S. trade and global markets. The charges Rogers faces add to a climate of suspicion over claims China is undertaking an espionage campaign targeting U.S. government financial policies.
What to know
Rogers, 63, from Vienna, Virginia, has a Ph.D. in economics and was a senior advisor in the Fed's international finance division from 2010 to 2021, according to the Justice Department's press release.
Rogers is accused of sharing confidential FRB information with his co-conspirators, who worked for Chinese intelligence posing as graduate students at an unnamed Chinese university.
The data Rogers is accused of sharing from at least 2018 could have allowed China to manipulate the U.S. market, giving Beijing an advantage when buying or selling U.S. bonds or securities.
Rogers is accused of passing trade-secret information including deliberations about tariffs and sensitive market data by email or by printing it before traveling to China ahead of meeting with his co-conspirators.
Rogers allegedly met with his co-conspirators in hotel rooms in China where he passed on the sensitive information. In 2023, he was paid around $450,000 as a part-time professor at an unnamed Chinese university, it is alleged.
(Excerpt) Read more at newsweek.com ...
Hunter is still vulnerable to state crimes he committed. He needs to move to China. And take Liz Cheney with him.
Buffoon looks like he is a hard core alcoholic.
when does Mitch get arrested for working for china?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.