A former senior adviser to the US Federal Reserve, John Harold Rogers, was arrested on charges he conspired to steal Fed trade secrets for the benefit of China, the US Department of Justice said on Friday.
Rogers, who worked as a senior adviser in the Fed’s division of international finance from 2010 until 2021, allegedly shared confidential information with Chinese coconspirators who worked for the intelligence and security apparatus of China and posed as graduate students.
A judge ordered Rogers to be held until a detention hearing on Tuesday, a US Attorney General’s office spokesperson said.
Photo: AFP
A Fed spokesman declined to comment.
An attorney for Rogers did not immediately respond to a request for comment.
A Chinese embassy spokesperson said the embassy was not familiar with the specifics of this case, but added that “China is a country that upholds the rule of law.”
China does not interfere in the internal affairs of other countries, the spokesperson said.
“We oppose any smear and attack on China with so-called ‘spy risks,’” the spokesperson added.
The Fed’s international finance division is responsible for basic research, policy analysis and reporting in the areas of foreign economic activity, US external trade and capital flows, and developments in international financial markets and institutions, according to the US central bank’s Web site.
Starting in 2018, Rogers allegedly began soliciting confidential information, including economic data and sensitive information about interest-rate deliberations, and passed it on to coconspirators while pretending to teach classes in China, the indictment said.
Rogers received payments for airfares, lodging and dining during his travel to China, and was offered a payment for a beach vacation, the indictment said.
He is charged with conspiracy to commit economic espionage and with making false statements.
Until US President Donald Trump’s return a year ago, when the EU talked about cutting economic dependency on foreign powers — it was understood to mean China, but now Brussels has US tech in its sights. As Trump ramps up his threats — from strong-arming Europe on trade to pushing to seize Greenland — concern has grown that the unpredictable leader could, should he so wish, plunge the bloc into digital darkness. Since Trump’s Greenland climbdown, top officials have stepped up warnings that the EU is dangerously exposed to geopolitical shocks and must work toward strategic independence — in defense, energy and
For the second year in a row, a Brazilian movie has wowed international audiences and critics, securing multiple Oscar nominations and drawing fresh interest in the Latin American giant’s film industry. Experts say the success of The Secret Agent, which has won four Oscar nominations, a year after I Am Still Here won Brazil its first Oscar, is no fluke, with a bit of a push from the country’s political climate. “This is neither a coincidence nor a miracle. It is the result of a lot of work, consistent policies, and, of course, talent,” Ilda Santiago, director of the Rio International Film
AI SPLURGE: The four major US tech companies have lost more than US$950 billion in value since releasing earnings and outlooks, while equipment makers were gaining Four of the biggest US technology companies together have forecast capital expenditures that would reach about US$650 billion this year — a flood of cash earmarked for new data centers and all the gear within them. The spending planned by Alphabet Inc, Amazon.com Inc, Meta Platforms Inc and Microsoft Corp, all in pursuit of dominance in the still-nascent market for artificial intelligence (AI) tools, is a boom without a parallel this century. Each of the companies’ estimates for this year is expected either near or surpass their budgets for the past three years combined. They would set a high-watermark for capital spending
IShowSpeed, a 21-year-old African-American influencer, has raced a cheetah, leapt with Maasai warriors and drawn huge crowds in a month-long tour of Africa that has also busted cliches about the continent. The YouTube and Twitch star’s tour, which started on Dec. 29 last year, took him to 20 countries, showing his tens of millions of followers a different side of Africa as he visited a diamond mine in Botswana, discovered Ethiopia’s rich cuisine and attended the Africa Cup of Nations football final in Morocco. IShowSpeed — born in Cincinnati, Ohio as Darren Jason Watkins Jr. — is one of the most followed
RSS