An American economist who was once an advisor to the Federal Reserve was sentenced Wednesday to 38 months in prison for lying to investigators about his ties to an alleged Chinese spy. File Photo by Alexis C. Glenn/UPI | License Photo
July 16 (UPI) -- An economist who advised the U.S. Federal Reserve was sentenced to 38 months in prison for lying to investigators about sharing sensitive economic information with Chinese spies, the Justice Department announced.
John Harold Rogers, 64, of Vienna, Va., was acquitted in February of charges that he had allegedly leaked economic forecasts and internal documents to Chinese intelligence officers. But he was convicted of making false statements to investigators. He had denied allegations to investigators from the Federal Reserve Office of Inspector General in a 2020 interview.
"John Rogers spent years secretly funneling sensitive Federal Reserve information to Chinese spies, then looked investigators in the eye and lied about it. And when that wasn't enough, he lied again under oath at trial," U.S. Attorney Jeanine Pirro for the District of Columbia alleged in a statement. "Federal Reserve employees entrusted with America's most sensitive economic information cannot sell out their country and their colleagues for personal gain and then expect to hide behind a single word."
