US accuses former Federal Reserve official of passing secrets on to China

Unlock the editor’s digest in free

FT editor Raula Khalaf selected his favorite stories in this weekly newsletter.

A former Senior Federal Reserve Officer was arrested on Friday when US prosecutors accused him of taking economic privacy in China.

John Harold Rogers, Senior Advisor to the International Finance Department Feed According to a complaint in the Federal US Court in Washington DC on Friday, its location has been used to access sensitive information on customs, senior officials briefing and policy discussions and announcements from China to China from 20-25.

Rogers, a 63 -year -old Virginia resident, was accused of transferring sensitive information to his personal email account and was accused of sending it to Chinese officers in disguise of undergraduate students.

Rogers met with his co-conspirators in China’s hotel rooms in the “Class” teaching [Federal Reserve Board] And [Federal Open Market Committee]“The judiciary has announced the allegations that the economist was given about $ 450,000 as a part -time professor of a Chinese university.

Rogers’ attorney could not be reached immediately for comments.

The Chinese government is one of the largest global holders of the US Treasury, which Fed bought enough under several quantitative ejing packages, which was going on until the Coronavirus epidemic after the global financial crisis of 20.

Folly is the decision of interest rates and signals of future financial policy movements can also affect US Treasury and one of the most closely seen reports in the global financial markets.

US Treasury Statistics shows that China has officially made $ 768.6bn-values ​​of Debt Until November, which has turned the second largest foreign holder after Japan.

The complaint is alleged that the sensitive information was shared from “at least 2018” with the alleged Chinese co-conspirators “who worked for Chinese intelligence and security machinery and who pose as a graduate student in A [Chinese] University ”.

A Fed spokesperson declined to comment.

This is a developing story