Former Fed advisor shocked to reveal that he was arrested by the FBI for leaking secrets to China, teaching at Fudan University, marrying a Shanghai woman, and handing over customs secrets...

The U.S. Department of Justice announced in January that John Harold Rogers, a senior adviser to the Fed Board of Governors (FRB), had been arrested on suspicion of conspiring to steal Fed trade secrets for the benefit of the People's Republic of China (PRC). Recently, the Wall Street Journal published a report that further exposed the detailed process of Rogers' contacts and leaks with Chinese intelligence agents: (Google Cloud Warning: North Korean IT espionage attacks expand, global enterprises should be vigilant) (Background supplement: Arrest 2 Chinese spies!) U.S. Department of Justice: They used bitcoin to bribe U.S. officials and prosecuted a total of 13 people) In January, the U.S. Department of Justice issued an announcement announcing that John Harold Rogers, a former senior adviser to the Fed Board of Governors (FRB), had been arrested on suspicion of conspiring to steal Fed trade secrets for the benefit of the People's Republic of China (PRC). According to the announcement, Rogers, 63, from Vienna, Virginia, worked as a senior consultant in FRB's International Finance Division from 2010 to 2021, handling confidential information. The indictment details that since at least 2018, Rogers has used his position to solicit sensitive trade secrets about proprietary economic data sets, discussions on tariffs against China, briefings for designated governors, and Federal Open Market Committee (FOMC) discussions and upcoming announcements. He violated FRB policies by emailing this information to his personal account or printing it out before traveling to China in preparation for a meeting with the conspirators. Under the pretext of "lecturing," Rogers met with Chinese intelligence agents disguised as graduate students in Chinese hotel rooms to pass on sensitive information about FRBs and FOMCs. In 2023, Rogers was paid about $450,000 as an adjunct professor at a university in China. He was charged with conspiracy to engage in economic espionage and making false statements, which are understood to carry a maximum sentence of 15 years in prison and a fine of $5 million. Wall Street Journal Reveals Details of Leak Just recently, the Wall Street Journal published a report that further exposed the details of Rogers' contacts with Chinese intelligence agents and the leaks, the following are the key details: First contact and temptation In May 2013, Rogers attended a business forum in Shanghai as an FRB economist and received an email claiming to be a Chinese graduate student expressing interest in the Fed and offering to pay, which Rogers declined but kept in touch. Later, the other party used full funding as an inducement to invite Rogers to visit China again, starting a series of incidents that led to him facing espionage charges. Disguised lectures and messaging Under the guise of academic exchanges, Rogers traveled to China several times to meet with intelligence officers. The indictment alleges that he shared internal Fed reports, including sensitive information discussed by the FOMC, with Chinese agents disguised as graduate students in his hotel room. He violated FRB policy by requesting documents marked "internal use" from colleagues and passing them to contacts in China via personal email or printout. Chinese intelligence agents disguised themselves as students to induce Rogers to provide information by paying for travel, accommodation and remuneration. In 2017, he accepted an invitation to Shandong University of Finance and Economics at his expense. In 2018, he asked contacts about the progress of the paper and shared the Fed's views on China's monetary policy, showing that its behavior went beyond academics. Personal Life Connects to China Rogers showed a keen interest in China, marrying a Shanghai woman through a matchmaking service in 2018 and writing a note of his love for China and Shanghai on his iPad. He was a visiting professor at Fudan University in the second half of 2018, where he continues to liaise with intelligence officers. In 2023, he was paid $450,000, demonstrating his deepening economic ties with China. FBI Investigation and Cash Discovery In February 2020, FRB-OIG questioned Rogers, who denied passing sensitive information and ties to the conspirators. In January 2021, the FBI arrested Rogers and found $50,000 in cash in his apartment, which his wife claimed belonged to her. Rogers' lawyers argued that the government exaggerated the impact of his actions and lacked background evidence, stressing that Mr. Rogers did not know Chinese and could not engage in sophisticated espionage. Rogers background profile According to public information, Rogers holds a doctorate in economics from the University of Virginia, joined the Federal Reserve in 1994, and served as a senior consultant in the Department of International Finance from 2010 to 2021, studying exchange rate and interest rate policies. According to people familiar with his work, Rogers' position does not involve high-level decision-making and the intelligence value is limited. In 2018, he married a Shanghai woman and moved to Shanghai to teach at Fudan University. Related reports Crypto scam "fake meeting link attack" full analysis: six iron laws of long-term defense Exaggeration! 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