Former Fed adviser jailed for lying about sharing confidential data
Rogers, a senior Fed economist, was convicted of making false statements after allegedly sharing non-public monetary policy information with Chinese intelligence operatives.
John Harold Rogers, a former senior adviser to the Federal Reserve Board, has been sentenced to 38 months in federal prison after a jury found him guilty of repeatedly making false statements during a counterintelligence investigation.
Court filings said Rogers maintained a covert relationship with a Chinese intelligence operative, shared restricted Federal Reserve information, and concealed those activities despite direct questioning by investigators.
Prosecutors argued that the confidential data, including information related to US interest-rate policy, could have benefited China in financial markets. The Justice Department said the sentence reinforces the consequences for officials who compromise sensitive government information and obstruct federal investigations.