Former Fed adviser sentenced to more than three years for false statements in China ties case

A former senior adviser to the Federal Reserve Board of Governors has been sentenced to more than three years in prison after lying to federal investigators about contacts tied to China, according to the Justice Department. John Harold Rogers, 64, was convicted in February of making false statements when he denied sharing restricted information about monetary policy and Federal Open Market Committee deliberations. Jurors cleared him of a separate conspiracy charge related to economic espionage. Prosecutors said Rogers worked at the Fed from 2010 to 2021 and had access to nonpublic central bank material. They alleged he passed sensitive information to a Chinese intelligence operative beginning in 2017 and later lied under oath and to investigators about the relationship. The court also ordered 12 months of supervised release. The Justice Department said the case involved information that could have been valuable to foreign actors and highlighted continued scrutiny of alleged economic espionage involving U.S. institutions.