Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

China tried to obtain internal info and build a network of informants inside the Federal Reserve, says a new GOP Senate report
cnbc ^ | 7/27/2022 | Julia Ainsley and Courtney Kube

Posted on 07/27/2022 11:47:22 AM PDT by bitt

The Chinese government tried to obtain sensitive internal information and build a network of influence and informants inside the Federal Reserve, according to a new report released Tuesday by Republican staff members of the Senate Homeland Security and Governmental Affairs Committee.

The report from the committee staff of Sen. Rob Portman of Ohio, the ranking member, did not conclude whether the attempts, which included the detention of a Federal Reserve employee, were successful.

Since at least 2013, the report found, China has targeted the Federal Reserve System and sought to recruit U.S.-based economists to share information in exchange for money and other benefits. Thirteen Federal Reserve employees working across eight of the Fed's 12 locations were identified as the "P-Network" by a Federal Reserve analysis that deemed them to be of potential concern, according to the report.

One of the members of the "P-Network" was detained four times on a 2019 trip to Shanghai, and his family was threatened, according to the report. The Fed employee's phones, computers and contact information were hacked during his trip to China, and Chinese officials copied contact information of other Federal Reserve officials, the report said.

The Senate committee obtained the Federal Reserve's counterintelligence analysis of the P-Network in 2020, but it said the central bank now disputes many of the findings. At least one of the employees of the network was fired for "violating certain [Federal Reserve System] rules," according to the analysis obtained by the committee. NBC News has not reviewed the original Federal Reserve analysis.

The report also found what it called close ties between Federal Reserve employees and the People's Bank of China, Chinese media outlets and the Chinese Thousand Talents Program, which U.S. intelligence officials say encourages economic espionage.

At least one Fed employee tried to transfer large volumes of data in an unapproved transfer to an external site after having had "continuous contacts with Chinese nationals and universities," according to the report. It is not clear from the report whether the transfer was successful.

...more


TOPICS: Crime/Corruption; Extended News; Foreign Affairs; Government
KEYWORDS: china; federalreserve; hack

1 posted on 07/27/2022 11:47:22 AM PDT by bitt
[ Post Reply | Private Reply | View Replies]

To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; ...

p


2 posted on 07/27/2022 11:47:55 AM PDT by bitt ( <img src=' 'width=50%> )
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

also, this:

https://www.businessinsider.in/finance/news/china-detained-fed-employee-in-hotel-room-and-threatened-his-family-in-bid-to-get-secret-us-economic-data-senate-report/articleshow/93164015.cms

China detained Fed employee in hotel room and threatened his family in bid to get secret US economic data: Senate report


3 posted on 07/27/2022 11:48:27 AM PDT by bitt ( <img src=' 'width=50%> )
[ Post Reply | Private Reply | To 2 | View Replies]

To: bitt; bagster; Travis McGee; null and void

(China has targeted the Federal Reserve System)

Gee, whoda thought 🤔 this was possible?

Taking down the Federal Reserve System would just about complete the disruption.


4 posted on 07/27/2022 11:52:47 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

Gosh. I’m surprised that the Chicoms would do this. Any American caught colluding with them should be shot on site like a mad dog. We’re going to need a lot of ammo.


5 posted on 07/27/2022 11:54:15 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt
Is there any part of our government or establishment that has not been compromised by the CCP?

Congress, big tech, media, academia, multi national corporations, GOPe, DNC and big sports. Even the president and his family have sold us out.

I have a new working theory anyone who is shouting Russia Russia Russia is working for the CCP and I hate punk Putin. Prove me wrong.

6 posted on 07/27/2022 12:03:27 PM PDT by usurper
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

And he goes back 3 times after the first detention? He’s either stupid or cooperating.


7 posted on 07/27/2022 12:09:19 PM PDT by KittyKares
[ Post Reply | Private Reply | To 3 | View Replies]

To: HighSierra5

It’s not like the Chicoms aren’t ALREADY neck deep into EVERY OTHER government agency. Why should the FED be exempt.


8 posted on 07/27/2022 12:18:20 PM PDT by OHPatriot (Si vis pacem, para bellum)
[ Post Reply | Private Reply | To 5 | View Replies]

To: OHPatriot

The CCP is ALL OVER this country...like locusts. Check your local college or university.


9 posted on 07/27/2022 12:19:43 PM PDT by who knows what evil? (Yehovah saved more animals than people on the ark...siameserescue.org)
[ Post Reply | Private Reply | To 8 | View Replies]

To: bitt

Internal info can easily be gathered by contacting the Bidens.


10 posted on 07/27/2022 12:22:01 PM PDT by 353FMG
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

See the sheer number of games distributed by Google to Android phones.

Most of these “games” have Chinese actors, promise tons of free money and they want access to your PayPal account.

Oh some amount is probably free at first.....

There’s also some girl with a Slavic accent and they actually changed her $500 lie to a poorly dubbed-ocer $5.

I’ve seen these ads dozens of times playing games.

In one, an American female claims one of the games gave her.....wait for it.......2 billion dollars.

Yes, 2 BILLION dollars.

In a lot of the “ads” they show a building that looks like an apartment building on campus for tech people. A lot of the commercials are filmed around this site.

I always thought it looked like China but dunno.

I always thought it came off as them gathering PayPal information to do a one day hit on all accounts.

At least that was my tinfoil. 😜


11 posted on 07/27/2022 1:20:42 PM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
[ Post Reply | Private Reply | To 4 | View Replies]

To: bitt

“Tried”

HAHAHAHAHAHA.


12 posted on 07/27/2022 1:32:51 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

Looks like they are planning to conquer us completely. Also looks like compromised government officials and representatives don’t care as they will live like kings after the fact. Looks like we’re needing a revolution (hate to write that) to overthrow the government, round up and execute ALL Chinese spies (theirs & ours - no detentions) and shut off relations with China. If we don’t we’re done as a nation.


13 posted on 07/27/2022 1:37:32 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

> “China tried to obtain internal info and build a network of informants inside the Federal Reserve, says a new GOP Senate report”

Well coming from a “GOP Senate Report”, I don’t know ....

Coming from any other half-way believable source, I’d say China succeeded.


14 posted on 07/27/2022 1:50:41 PM PDT by Hostage (Article V)
[ Post Reply | Private Reply | To 1 | View Replies]

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson