The US arrested the former senior adviser to the International Finance Department of the Federal Reserve (Fed) John Harold Rogers on charges of theft of commercial secrets of the regulator in favor of China. This is stated in the message of the US Department of Justice.
The statement notes that John Harold Rogers was arrested on charges of conspiracy in order to steal commercial secrets in favor of China.
The former senior adviser to the Fed provided false information to the regulator, which in turn had a significant impact on the ongoing investigation, the Ministry of Justice said.
Rogers, a US citizen with a doctoral degree in economics, held the position of senior adviser in the Fed from 2010 to 2021, the message says.
It is reported that he allegedly shared secret information with representatives of the Chinese special services who passed themselves down for graduate students of the University of China
The data that Rogers shared with his accomplices could allow China to manipulate the US market. The presence of preliminary information about the US economic policy, including changes in the interest rate, can give China an advantage when buying or selling US bonds and securities, the message says.
According to investigators, Rogers used his position in the Fed, starting at least since 2018. The former adviser met with his accomplices in hotel rooms in China under the pretext of allegedly “lessons”, where he shared confidential commercial information, according to the message.
If the guilty is found to Rogers, may threaten a imprisonment of up to 15 years and a fine of $ 5 million.