Former Federal Reserve Adviser Indicted for Economic Espionage

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John Harold Rogers, a former senior adviser at the Federal Reserve, has been indicted for allegedly providing classified economic information to Chinese intelligence officials. Authorities accuse the 63-year-old Virginian of stealing trade secrets over several years and receiving at least $450,000 in exchange, according to a grand jury indictment made public by the Department of Justice on February 1, 2025.

Rogers, who worked in the Federal Reserve's Division of International Finance from 2010 until 2021, allegedly communicated with two Chinese co-conspirators as early as 2013. The indictment claims he forwarded sensitive information, including Federal Reserve analysis and details on economic policy changes, to personal contacts and during visits to China, where he posed as an academic.

FBI Assistant Director Kevin Vorndran emphasized that Rogers' actions could enable adversarial nations to gain improper economic advantages. Following his arrest and initial court appearance, Rogers' attorney stated he plans to contest the allegations, arguing for his client's innocence.

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