- John Harold Rogers, a 63-year-old former senior adviser for the Federal Reserve Board of Governors, was arrested on charges of conspiring to steal Federal Reserve trade secrets for the benefit of the People’s Republic of China (PRC).
- The indictment alleges that Rogers exploited his employment to solicit and share trade-secret information, including proprietary economic data sets and details about Federal Open Market Committee (FOMC) deliberations. He allegedly sent this information to his personal email or printed it to take to China, where he met with co-conspirators under the guise of teaching classes.
- He’s charged with conspiracy to commit economic espionage and making false statements, with the espionage charge carrying a maximum penalty of 15 years imprisonment and a $5 million fine. Read More
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