A former main advisor for the Council of Governors of the Federal Reserve was arrested for conspiracy with Chinese officials to steal trade secrets from the Federal Reserve, the depots of the Federal Court revealed on Friday.
Prosecutors allege that John Harold Rogers conspired with people in China to steal commercial secrets on the Fed Governors’ Council and the Open Markets Committee and made false declarations to the Inspector General of the Federal Reserve.
The accusation act alleys that Rogers exploited his relationship with the Federal Reserve and gave information to the co-conspirators in China who pretended to be graduate students in a Chinese university, but were actually intelligence agents and security of the People’s Republic of China. They allege that he gave them sets of economic data and information books for the governors of the Fed board of directors.
“Under the cover of” teaching classes “, Rogers would meet co-conspirators in the hotel rooms in China where he would transmit sensitive and secret information” of the Federal Reserve to Chinese agents, according to the indictment.
In 2023, prosecutors claimed that Rogers was paid about $ 450,000 to be a part -time teacher at a Chinese university.
Federal prosecutors claim that Rogers has been involved with the Chinese for about seven years, from 2018 to the start of this year.
On Friday, Rogers made his first appearance in a Washington, DC federal courtroom, where he was sentenced to three -day detention, while waiting for a hearing for indictment and detention for next week.
Robert Legare contributed to this report.