Former Fed adviser arrested for allegedly spying for China

Indictment claims official passed on sensitive economic and financial data to Chinese security services

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A former adviser to the US Federal Reserve’s board of governors has been arrested and indicted for allegedly passing on trade secrets to China.

According to the indictment, issued on January 31, John Harold Rogers, a senior adviser to the board’s international finance division from 2010 until 2021, had been passing restricted financial and economic information to the Chinese security services in a manner akin to insider trading.

The indictment claims that from at least 2018, Rogers solicited trade

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