Former Fed Advisor Sentenced to Over 3 Years for China Espionage

John Harold Rogers, former senior advisor to the Federal Reserve, was sentenced to over three years in prison for lying to investigators about sharing restricted central-bank information with Chinese intelligence. He was found guilty in February and will serve an additional 12 months of supervised release. This case highlights concerns over economic espionage by Beijing, particularly the potential impact on U.S. Treasurys, which total about $1.5 trillion. The situation matters for ordinary investors as it underscores the importance of safeguarding sensitive economic information and the consequences of breaches.