Former Federal Reserve adviser indicted and arrested for alleged espionage in dealings with China
Federal authorities have arrested a former Federal Reserve senior adviser for allegedly giving inside economic information to China
Federal authorities have arrested a former Federal Reserve senior adviser for allegedly giving inside economic information to China.
A grand jury indictment accuses John Harold Rogers, 63, of Vienna, Virginia, of stealing Federal Reserve trade secrets and selling them to Chinese intelligence officials for at least $450,000 by posing as a university professor in China. He is also accused of lying to Federal Reserve investigators and Consumer Financial Protection Bureau officials.
The Department of Justice announced Rogers' indictment and arrest on Friday, the same day he made his first appearance before a Washington court. Rogers is being held without bond and is scheduled to be arraigned Tuesday, according to court records.
“As alleged in the indictment, Rogers betrayed his country while employed at the Federal Reserve by providing restricted U.S. financial and economic information to Chinese government intelligence officers,” said Assistant Director Kevin Vorndran of the FBI Counterintelligence Division in an announcement of Rogers' indictment and arrest.
“This information could allow adversaries to illegally gain a strategic economic advantage at the expense of the U.S. This indictment sends a clear message that the FBI and our partners will hold accountable those who threaten our national security,” Vorndran said.
A public defender listed in court records as being assigned to Rogers' case did not immediately respond Saturday to a request for comment.
The Justice Department said the information “could allow China to manipulate the U.S. market… in a manner to insider trading.” The
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