Former Fed Adviser Sentenced to 38 Months for Sharing Confidential Data

John Harold Rogers, a former senior adviser to the Federal Reserve Board, has been sentenced to 38 months in federal prison after being convicted of making false statements during a counterintelligence investigation. A jury found that Rogers had engaged in a covert relationship with a Chinese intelligence operative and shared restricted Federal Reserve information, including non-public details about U.S. interest-rate policy. Despite direct questioning from investigators, he concealed these activities. Prosecutors argued that the confidential data could have provided China with an advantage in financial markets. The Justice Department stated that this sentence serves as a reminder of the serious consequences for officials who compromise sensitive government information and obstruct federal investigations.