financetom
Economy
financetom
/
Economy
/
Ex-Federal Reserve adviser sentenced to prison for lying about China ties
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ex-Federal Reserve adviser sentenced to prison for lying about China ties
Jul 15, 2026 8:25 PM

WASHINGTON, July 15 (Reuters) - 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.

John Harold Rogers, 64, was arrested in early 2025 on charges he conspired to steal Fed trade secrets for the benefit of China, prosecutors said at the time.

In his trial, a federal jury deliberated for two days before finding Rogers guilty on February 3 "of making false statements to government investigators at the Office of Inspector General for the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau," the Justice Department said in a statement.

"John Rogers spent years secretly funneling sensitive Federal Reserve information to Chinese spies, then looked investigators in the eye and lied about it. And when that wasn't enough, he lied again under oath at trial," U.S. Attorney Jeanine Pirro said.

In addition to the prison sentence, Judge Dabney Friedrich ordered Rogers to serve 12 months of supervised release. Federal prosecutors had requested a 60-month prison term.

Rogers worked as a senior adviser in the Fed's division of international finance from 2010 until 2021. Prosecutors said he shared confidential information with Chinese co-conspirators who worked for the intelligence and security apparatus of China and posed as graduate students.

China said at the time of his arrest last year that it did not interfere in the internal affairs of other countries.

The Fed's international finance division is responsible for basic research, policy analysis, and reporting in the areas of foreign economic activity, U.S. external trade and capital flows, and developments in international financial markets and institutions, according to the U.S. central bank's website.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
How Trump's latest tariffs could impact small businesses
How Trump's latest tariffs could impact small businesses
Apr 4, 2025
President Donald Trump's new tariff orders came in early April, bringing a slew of tariffs to some of the United States' biggest trading partners, along with flat tariffs on automobile parts, steel and aluminum, oil and other imported products and raw goods. Trump's tariffs have the potential to majorly impact small businesses both directly involved in the items and industries...
Musk says he hopes for 'zero tariffs' between US and Europe
Musk says he hopes for 'zero tariffs' between US and Europe
Apr 5, 2025
ROME, April 5 (Reuters) - U.S. tech-billionaire Elon Musk said on Saturday he hoped in future to see complete freedom of trade between the United States and Europe, speaking days after U.S. President Donald Trump announced tariffs on trading partners. Musk, a Trump adviser who has been working to eliminate wasteful U.S. public spending, spoke via video-link at a congress...
China says 'market has spoken' after US tariffs spark selloff
China says 'market has spoken' after US tariffs spark selloff
Apr 4, 2025
* China calls for consultation with Washington on equal footing * Chinese commerce groups aim to seek new markets, warn of US inflation * Global stock markets fell sharply for the week after tariff moves By Antoni Slodkowski BEIJING, April 5 (Reuters) - China said on Saturday the market has spoken in rejecting U.S. President Donald Trump's tariffs, and called...
China to US: 'Market has spoken' after tariffs spur selloff
China to US: 'Market has spoken' after tariffs spur selloff
Apr 5, 2025
* China urges consultation with Washington on equal footing * Chinese commerce groups aim to seek new markets, warn of US inflation * Global stock markets fell sharply for the week (Updates with Hong Kong official comments, paragraph 3 and final three paragraphs) By Antoni Slodkowski BEIJING, April 5 (Reuters) - China said on Saturday the market has spoken in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved