Ex-senior Federal Reserve advisor charged with economic espionage to benefit China
Posted: Feb 01, 2025
- Former senior advisor for the Federal Reserve, John Harold Rogers, charged with economic espionage to benefit China
- Rogers shared sensitive information that could allow China to manipulate the U.S. market similar to insider trading
- Rogers' co-conspirators were members of China's intelligence and security apparatus
- Rogers indicted on charges of conspiracy to commit economic espionage and making false statements
- Rogers sought information about the Federal Open Market Committee and shared it during trips to China
- Rogers lied to the Fed's inspector general about his associations with co-conspirators
- FBI believes China is targeting U.S. government financial policies and trade secrets
- Rogers was temporarily detained without bond and faces up to 15 years in prison if convicted of espionage
What do people on Reddit think?
🚨 Reddit sentiment: negative - The overall sentiment is negative due to concerns about leaks in monetary policy, criticisms of how espionage charges are being handled, and the vagueness of language in legal proceedings. Summarized comments: - Discussions about the leak of Federal Reserve plans to US banks - Speculation about the long-term influence of Chinese economic policy on the Federal Reserve - Concerns about possible leaks in monetary policy information - Commentary on the arrest and legal proceedings of the ex-senior Federal Reserve advisor - Criticism of the lack of specificity in the language used regarding the charges
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