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Former senior federal reserve official was arrested on Friday after being accused by US prosecutors of transferring economic secrets to China.
John Harold Rogers, Senior Advisor in the Department of International Finance on Fed From 2010-21, he used his position to access the sensitive data on tariffs aiming to cinema, briefing with high-ranking officials and politics’ discussions and announcements of politics, according to an indictment that is on Friday at Washington in Washington, DC.
Rogers, a 63-year-old Virginia resident, is charged with transferring sensitive data to his personal email account before printed and transferred to Chinese officials disguised as graduated students.
“Under the guise of teaching” Teaching “, Rogers met with his co -pursuers in hotel rooms in China, where he conveyed sensitive, trade secret information that belonged to [Federal Reserve Board] AND [Federal Open Market Committee]”Said the Ministry of Justice, while announced by the charges, adding that the economist had been paid about $ 450,000 as a part -time professor at Chinese University.
Rogers’ lawyer couldn’t get a comment immediately.
The Chinese Government is one of the largest global owners of US treasury, which the FED bought in significant quantities in several quantitative mitigation packages, which lasted after the global financial crisis 2008 to during the coronavirus pandemia.
Decisions on interest rates of FED on future monetary policy movements can also affect the US treasury and include reports that have been found in global financial markets.
US Treasury Data show that since November, China officially held $ 768.6 billion debt, making it the second largest foreign owner after Japan.
The indictment states that the sensitive information was divided from “at least 2018” with alleged Chinese co -articles “who worked for the Chinese intelligence and security apparatus and who posed as a graduate student at A [Chinese] university”.
A spokesman Fed refused to comment.
This is a development story
