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Category: CRYPTO NEWS
The post US Federal Reserve official arrested for selling US economic secrets to China appeared on BitcoinEthereumNews.com. A former top dog at the Federal Reserve has been caught red-handed. John Harold Rogers, a 63-year-old Virginia resident and longtime Fed insider, was arrested on Friday after US prosecutors accused him of leaking sensitive economic data to Chinese intelligence operatives. The charges are smuggling classified information through personal emails and hotel room meetings under the guise of teaching “classes” to fake Chinese grad students. According to an indictment unsealed in a Washington, DC federal court, Rogers spent years exploiting his role as a senior adviser in the Fed’s international finance division to access top-secret details on US trade policies, tariffs, and Fed policy announcements. He then quietly passed that information on to his Chinese handlers, who posed as university students but were allegedly tied to China’s intelligence apparatus. Sensitive data, secret meetings, and a $450K paycheck The DOJ alleges that Rogers’s betrayal wasn’t sloppy or accidental, it was carefully planned. From 2018 until his retirement in 2021, the DOJ said Rogers emailed confidential Fed documents to his personal account and printed them out before traveling to China. Federal prosecutors say Rogers handled briefing books for Fed governors, classified reports on trade measures, and insider knowledge of Federal Open Market Committee (FOMC) decisions—the very committee that sets the federal funds rate, which influences everything from mortgage rates to global bond markets. US Attorney Edward R. Martin Jr. said: “President Trump tasks us with protecting our fellow Americans from all enemies, foreign and domestic. As alleged in the indictment, this defendant leveraged his position within the Federal Reserve to pass sensitive financial information to the Chinese government, a designated foreign adversary. Let this indictment serve as a warning to all who seek to betray or exploit the United States: law enforcement will find you and hold you accountable.” The DOJ’s indictment…
2025-02-01T03:37:33+00:00