💨 Abstract

A former Senior Adviser for the Federal Reserve Board of Governors, John Harold Rogers, was arrested for allegedly conspiring to steal Federal Reserve trade secrets for China's benefit. The Justice Department claims Rogers lied to investigators and shared sensitive financial and economic information with Chinese government intelligence officers. The information could have given China an advantage in manipulating the US market, similar to insider trading. Rogers is charged with conspiracy to commit economic espionage and making false statements.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖