Former Fed Advisor Charged with Spying for China: John Harold Rogers Indicted for Economic Espionage

1. What was John Harold Rogers’ role at the Federal Reserve?
   John Harold Rogers was a senior advisor at the Federal Reserve Board of Governors.
2. What did Rogers allegedly do with the information he obtained?
   Rogers allegedly shared the information with Chinese co-conspirators during secret meetings in China.

3. How much was Rogers paid for his part-time work as a professor in China?
   Rogers was paid approximately \$450,000.

4. What were the penalties Rogers faced for his actions?
   Rogers faced up to 15 years in prison and a \$5 million fine for conspiracy to commit economic espionage, and up to five years in prison for making false statements.

5. When was Rogers confronted by FRB inspectors?
   Rogers was confronted by FRB inspectors in 2020.

The indictment of John Harold Rogers for spying on behalf of China underscores the serious threat of economic espionage and the importance of protecting sensitive information. The case highlights the need for vigilance in safeguarding national security interests and the severe consequences for those who betray their country for personal gain.