Overview

• 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.