A former senior adviser to the United States Federal Reserve has been sentenced to 38 months in federal prison for lying to investigators about sharing restricted information about the central bank with Chinese intelligence operatives, the Justice Department announced on Wednesday.
John Harold Rogers, 64, was arrested in early 2025 on allegations of conspiring to steal federal trade secrets for the benefit of China, according to prosecutors.
Rogers was found guilty of making false statements to government investigators at the Office of Inspector General for the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau on February 3, after a two-day trial, according to the Justice Department. John Rogers lied to investigators after secretly funneling key Federal Reserve information to Chinese spies for years. “And if that wasn’t enough, he lied again under oath at trial,” U.S. Attorney Jeanine Pirro said.
In addition to the prison sentence, Judge Dabney Friedrich ordered Rogers to serve 12 months on supervised release. Federal prosecutors had recommended a 60-month sentence.
Rogers served as a senior adviser at the Federal Reserve’s division of international finance from 2010 to 2021. Prosecutors claim he provided secret material with Chinese co-conspirators who worked for China’s intelligence and security apparatus while posing as graduate students.
China stated at the time of his arrest last year that it does not interfere in the internal affairs of other countries.
According to the Federal Reserve’s website, the international finance division is in charge of basic research, policy analysis, and reporting on foreign economic activity, US external trade and capital flows, and developments in international financial markets and institutions.
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