Former Fed Adviser John Rogers Gets 38-Month Sentence for Lying to Investigators About China Ties
Prosecutors said Rogers concealed restricted Fed information from investigators as China sought advance notice of interest-rate decisions to profit on Treasury holdings.
- On Wednesday, U.S. District Judge Dabney Friedrich sentenced former Federal Reserve adviser John Harold Rogers to 38 months in prison for lying to investigators about sharing restricted central-bank information with Chinese intelligence operatives.
- Rogers began a clandestine relationship in 2017 with Hummin Lee, a Chinese intelligence operative, and shared restricted Fed information during meetings in Chinese hotel rooms, according to prosecutors.
- When asked in a February 2020 inspector general interview if he shared restricted Fed information, Rogers answered "never." Prosecutors argued sharing such data could allow Beijing to generate "enormous profits" from trading its roughly $1.5 trillion in U.S. Treasurys.
- The jury acquitted Rogers of economic espionage, though attorney Jonathan Gitlen said the 38-month sentence was "significantly higher than other defendants received in similar cases." Rogers receives credit for nearly 18 months already served, plus 12 months of supervised release.
- This sentencing reflects the Trump administration's intensified pursuit of alleged economic espionage by Beijing, as federal authorities prioritize protecting sensitive financial data from foreign intelligence operations.
16 Articles
16 Articles
An ex-advisor of the US Federal Reserve has been convicted of passing information to a Chinese intelligence officer. He must now be detained for several years.
Ex-Federal Reserve adviser sentenced to prison for lying about China ties
A former senior adviser to the U.S. Federal Reserve was sentenced to 38 months in federal prison for making false statements to investigators about sharing restricted information related to the central bank with Chinese intelligence operatives, the Justice Department said on Wednesday.
Ex-Fed advisor gets over three years in prison for lying about China ties
The case marks one of the most prominent U.S. prosecutions alleging Chinese intelligence targeting of U.S. institutions, as Trump intensifies its pursuit of foreign economic espionage.
JUST IN: Former Federal Reserve Adviser Sentenced to 38 Months in Prison! – 100PercentFedUp.com – by Jack
Former Federal Reserve adviser John Harold Rogers was sentenced to 38 months in prison for lying about restricted information he shared with Chinese spies.
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