Ex-Fed Adviser John Rogers Gets 3 Years for Lying About Sharing Secrets With Chinese Operatives
Updated
Updated · CNBC · Jul 16
Ex-Fed Adviser John Rogers Gets 3 Years for Lying About Sharing Secrets With Chinese Operatives
3 articles · Updated · CNBC · Jul 16
Summary
John Rogers, 64, was sentenced to more than three years in prison and 12 months of supervised release for falsely denying he shared restricted Federal Reserve information outside the board.
A February jury convicted the former senior Fed adviser of making false statements to investigators, but acquitted him of the more serious conspiracy to commit economic espionage charge.
Prosecutors said Rogers used a clandestine relationship starting in 2017 with a Chinese intelligence operative to pass nonpublic material on monetary policy and FOMC deliberations during trips to China.
The Justice Department said he printed restricted documents, emailed stripped materials to his personal account, and sent sensitive information to a Fudan University professor in exchange for professorships and financial benefits.
The case lands as the Trump administration intensifies scrutiny of alleged Chinese economic espionage; prosecutors argued advance Fed rate information could have aided trading of China’s roughly $1.5 trillion in U.S. Treasurys.
After a Fed official's betrayal, can expanded surveillance of 37,000 contractors stop the next insider from selling America's economic secrets?
As China weaponizes professional networks like LinkedIn for espionage, how can American experts avoid being turned into unwitting intelligence assets?
Federal Reserve Adviser John Rogers Sentenced to 38 Months for Lying in Chinese Espionage Probe
Overview
John Rogers, a former senior adviser at the Federal Reserve Board of Governors, was sentenced after being convicted of lying to investigators and under oath during his trial. His conviction followed an investigation into allegations that he secretly funneled sensitive Federal Reserve information to Chinese spies. Rogers’s deceptive conduct during the inquiry, including repeated false statements, highlighted the seriousness with which authorities treat attempts to obstruct justice, especially in cases involving national security. The case underscores the risks posed by insider threats and the importance of safeguarding sensitive economic information within critical U.S. institutions.