Former Federal Reserve senior adviser John Harold Rogers, 64, was sentenced right now to 38 months in federal jail.
In accordance with the U.S. Legal professional’s Workplace for the District of Columbia, Rogers was sentenced in reference to making false statements to federal investigators about sharing restricted Federal Reserve info with Chinese language intelligence operatives.
As The Gateway Pundit previously reported intimately when Rogers was arrested and indicted in late January 2025, the longtime Fed economist exploited his place of belief for years.
Rogers labored as a Senior Adviser within the Federal Reserve Board of Governors’ Division of Worldwide Finance from 2010 till his retirement in 2021.
He had entry to extremely delicate, personal info, together with proprietary financial knowledge units, deliberations on tariffs focusing on China, briefing books for Fed governors, and demanding insights into upcoming Federal Open Market Committee (FOMC) choices and rate of interest strikes.
Prosecutors alleged that starting as early as 2018, Rogers handed this info to co-conspirators tied to the Folks’s Republic of China’s intelligence and safety equipment.
These people posed as graduate college students at a PRC college. They allegedly lured Rogers with presents, an all-expenses-paid seaside trip, and a profitable part-time “professor” place at Fudan College in Shanghai, for which he was paid roughly $450,000 in 2023 alone.
The stolen knowledge may have allowed China to govern U.S. markets in a way just like insider buying and selling, giving Beijing a large benefit in shopping for or promoting U.S. bonds and securities with advance information of Fed coverage shifts.
In February 2020, when questioned by the Federal Reserve Board of Governors Workplace of Inspector Common (FRB-OIG), Rogers lied about accessing and passing delicate info and about his associations with the Chinese language contacts.
In the course of the trial in February 2026, jurors declined to convict Rogers on the extra severe financial espionage conspiracy rely.
They did, nevertheless, discover past an inexpensive doubt that Rogers lied when questioned by federal investigators, falsely denying that he had shared restricted Federal Reserve info outdoors the establishment.
At Wednesday’s sentencing, U.S. District Choose Dabney Friedrich emphasised Rogers’ deliberate efforts to hide his conduct, together with utilizing private e mail accounts and taking steps to cover his communications.
Rogers maintained he by no means knowingly labored for Chinese language intelligence and insisted he had been manipulated, however the courtroom concluded his false statements warranted a big jail sentence.
Extra from the DOJ:
A federal jury deliberated for 2 days earlier than discovering Rogers responsible on February 3 of constructing false statements to authorities investigators on the Workplace of Inspector Common for the Board of Governors of the Federal Reserve System and the Shopper Monetary Safety Bureau.
Along with the 38-month jail sentence, Choose Dabney Friedrich ordered Rogers to serve 12 months of supervised launch. Federal prosecutors had requested a 60-month jail time period.
“John Rogers intentionally lied to our investigators to hide the actual fact he shared restricted personal Federal Reserve info with intelligence brokers working for China,” stated Michael E. Horowitz, Inspector Common for the Board of Governors of the Federal Reserve System and Shopper Monetary Safety Bureau. “Immediately’s sentencing sends a transparent message that those that mislead and hinder federal brokers shall be dropped at justice. I commend the U.S. Legal professional’s Workplace, our brokers, and our federal regulation enforcement companions for his or her exhausting work and persistence, which led to this consequence.”
“Whereas holding a place of belief, Rogers repeatedly violated Federal Reserve info safety insurance policies by taking delicate, nonpublic info and sending it to himself, whereas he was in China, and to others affiliated with the Chinese language Communist Social gathering,” stated FBI Particular Agent in Cost Daniel Wierzbicki of the Washington Area Workplace’s Counterintelligence and Cyber Division. “Rogers then lied to federal brokers about these disclosures. His sentencing underscores the shared dedication of the FBI and the Federal Reserve Board Workplace of Inspector Common to pursue anybody who endangers U.S. financial and nationwide safety by passing confidential info to an adversarial authorities.”
Rogers, of Vienna, Virginia, is a U.S. citizen who holds a Ph.D. in economics.
In accordance with courtroom papers, Rogers served for many years as a Senior Advisor on the Federal Reserve Board of Governors, the place he had entry to restricted, nonpublic details about financial coverage and the Federal Open Market Committee (FOMC). From 2010 till 2021, Rogers labored as a senior adviser in FRB’s Division of Worldwide Finance the place he was entrusted with confidential FRB info.
Starting in 2017, Rogers developed a clandestine relationship with Hummin Lee, a Chinese language intelligence operative, whom he met at a convention in China. Over the next years, Rogers met Lee and associates in resort rooms in China underneath the guise of educating educational “lessons,” utilizing the periods to convey Federal Reserve info that Lee had particularly tasked him to gather.
Rogers printed restricted paperwork to carry on a visit to China, stripped classification markings from supplies earlier than emailing them to his private account, and forwarded delicate info to a professor at Fudan College, a Chinese language state-run establishment, days earlier than assembly Lee. Rogers understood that Lee was writing stories for the Chinese language authorities utilizing the data he supplied, and knew China may use advance information of Federal Reserve rate of interest choices to generate huge income buying and selling its roughly $1.5 trillion in U.S. Treasury securities.
In alternate, Rogers acquired assist together with his new spouse, college professorships, and substantial monetary advantages from Lee and Chinese language universities. He instructed investigators he “owed all the pieces” to Hummin Lee.
On Feb. 4, 2020, Rogers agreed to be interviewed by investigators from the Federal Reserve’s Workplace of Inspector Common. When requested immediately whether or not he had ever shared restricted Federal Reserve info outdoors the Board, he answered: “By no means.”
U.S. Legal professional for the District of Columbia Jeanine Pirro wrote on X:
“John Rogers spent years secretly funneling delicate Federal Reserve info to Chinese language spies, then seemed investigators within the eye and lied about it. And when that wasn’t sufficient, he lied once more underneath oath at trial. Federal Reserve workers entrusted with America’s most delicate financial info can not promote out their nation and their colleagues for private achieve after which anticipate to cover behind a single phrase.”
John Rogers spent years secretly funneling delicate Federal Reserve info to Chinese language spies, then seemed investigators within the eye and lied about it. And when that wasn’t sufficient, he lied once more underneath oath at trial. Federal Reserve workers entrusted with America’s most… https://t.co/5VBNz7MlbX pic.twitter.com/gKQoErag81
— US Legal professional Pirro (@USAttyPirro) July 15, 2026
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