Former Federal Reserve Adviser Indicted for Sharing Trade Secrets with China

John Harold Rogers is accused of passing sensitive U.S. economic data to Chinese intelligence operatives and lying to federal investigators.

John Harold Rogers, a former Senior Adviser for the Federal Reserve, was arrested on charges of economic espionage and making false statements.
Rogers allegedly shared confidential U.S. financial and economic information, including Federal Open Market Committee deliberations, with Chinese intelligence agents posing as graduate students.
The indictment claims Rogers exploited his position at the Federal Reserve from 2010 to 2021 to access and transfer sensitive data, violating federal policies.
Rogers reportedly received $450,000 in 2023 for teaching at a Chinese university, where he allegedly met with co-conspirators in private settings to share trade secrets.
The Justice Department and FBI emphasized the national security risks posed by the alleged espionage, which could have allowed China to manipulate U.S. markets and gain a strategic economic advantage.