A former senior advisor for the Federal reserve Was arrested on Friday for charges that he had conspired to steal fed trade secrets in favor of China.
The data that the consultant John Harold Rogers shared along with his co-snacks could enable China to “manipulate the US market in a similar way to insider trading,” said the Ministry of Justice.
The co-conspirators were members of the Chinese secret service and security apparatus, who, based on prosecutors, were equipped as a doctoral student at a university on this country.
Rogers, a 63-year-old inhabitant of Vienna, Virginia, was accused Before the US district court in Washington, DC, due to conspiracy to commit economic espionage and the submission of false statements.
From 2010 to 2021 he worked as a senior consultant within the international finance department of the Federal Reserve Board of Governor, said the Doj.
As a part of this job, he was “entrusted with confidential FRB information,” said the department.
Since 2018, Rogers allegedly “by requesting trade secrets about proprietary economic data rates, consultations about tariffs that are aimed at China, books for certain governors and sensitive information about the advice of the Federal Market (FOMC) and the upcoming announcements” Announcements, classified, and the announcements, “said Doj.
The indictment accuses him of handing over this information electronically from his personal email, in violation of the Fed directive or printing out before she traveled to China to meet co-snacks
“Under the guise of teaching” lessons “Rogers met his co -snacks in hotel rooms in China, where he transmits sensitive information that belonged to the FRB and the FOMC,” said the doj.
The deputy director of FBI, David Sundberg, said in a statement: “The China Communist Party has expanded its economic espionage campaign in an effort to dismiss the US government's financial policy and the trade secrets in an effort to undermine the USA and turn out to be the one superpower. “
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