Federal authorities have arrested a Former main advisor to the Federal Reserve for allegedly Give economic information inside China.
An indictment of the Grand Jury accuses John Harold Rogers, 63, of Vienna, Virginia, of stealing business secrets from the Federal Reserve and selling them to Chinese intelligence officials for at least $ 450,000 by doing Pass for university professor in China. He is also accused of lying to Federal reserve Investigators and managers of the Consumer Financial Protection Office.
On Friday, the Ministry of Justice announced the indictment and the arrest of Rogers, the same day he made his first appearance before a Washington court. Rogers is detained without surety and should be brought to justice on Tuesday, according to the judicial archives.
“As the accusation act claimed, Rogers betrayed his country while he was employed at the Federal Reserve by providing restricted financial and economic information to the intelligence agents of the Chinese government,” Deputy Director Kevin Vornndan said of the FBI counter-espionage division in an announcement of the Rogers indictment and the indictment.
“This information could allow opponents to illegally obtain a strategic economic advantage at the expense of the United States, this indictment sends a clear message that the FBI and our partners will keep those who threaten our national security,” said Vornndan .
A public defender listed in judicial archives as being assigned to the Rogers affair did not immediately respond to a request for comments on Saturday.
The Ministry of Justice said that the information “could allow China to manipulate the American market … in a way of an initiate”. The ministry noted that China, in October 2024, held around $ 816 billion in US external debt and that Chinese financial players could benefit from an internal knowledge of American economic policy, as a prior notice of changes in rate rate Federal funds, when making decisions regarding the purchase and selling American debt instruments.
Rogers, an American citizen with a doctorate in economics, worked for the Federal Reserve from 2010 to 2021, according to the indictment.
According to the indictment, Rogers, an American citizen with a doctorate. In economics, worked as main advisor in the FRB’s international finance division of the FRB from 2010 to 2021, where he would have had access to a range of classified information.
Prosecutors allege that Rogers and two Chinese co-conspirators began to communicate in 2013. The indictment said that Rogers then transmitted protected information to his personal email or made printed copies to transmit to his co -Conspirators. The cache would have included owner data and economic analyzes, information books written for the governors of the Federal Reserve, details on the deliberations of the Federal Committee of the Open Market and Future Ads, and the accounts of conversations on the prices intended for China, according to the indictment.
Rogers is accused of having met co-conspirators in China for multiple visits, under the guise of being a university instructor who teaches them as a student. The accusation act alleged that in 2023 Rogers received $ 450,000 as a part -time teacher at a Chinese university. ___
