Federal Reserve Employee Indicted for Selling Trade Secrets to China
Washington, D.C. – February 1, 2025 – A Federal Reserve employee, John Harold Rogers, has been indicted on charges of economic espionage and fraud after allegedly selling sensitive U.S. financial data and trade secrets to Chinese operatives, federal authorities announced Thursday.
Rogers, a senior financial analyst with access to proprietary economic forecasting models and internal policy discussions, is accused of transmitting confidential information to foreign contacts in exchange for financial compensation. Prosecutors say he received millions of dollars through offshore accounts in exchange for details on upcoming interest rate decisions, inflation projections, and classified reports on market stability.
“This betrayal of trust is not just a violation of federal law—it’s a direct threat to our nation’s economic security,” said Attorney General Mark Reynolds in a statement. “The Federal Reserve’s internal data informs crucial policy decisions, and its unauthorized disclosure could be exploited to manipulate markets and undermine financial stability.”
The investigation, led by the FBI and the Department of Justice’s Counterintelligence Division, reportedly began after intelligence officials flagged suspicious communications between Rogers and known foreign agents. He was arrested late Wednesday at his home in Alexandria, Virginia and taken into federal custody.
Federal Reserve officials have confirmed Rogers’ immediate suspension and pledged full cooperation with law enforcement. “The integrity of our financial system relies on safeguarding sensitive information, and any breach of that trust will be met with the fullest extent of the law,” the Fed’s official statement read.
Rogers faces multiple charges, including economic espionage, wire fraud, and unauthorized disclosure of classified financial data. If convicted, he could face up to 15-30 years in prison.
He is expected to appear in federal court for his arraignment later this week. His legal counsel has not yet issued a statement.
This case underscores growing concerns over foreign efforts to infiltrate U.S. financial institutions, particularly as tensions between Washington and Beijing remain high over trade policy and national security issues.

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