John Rogers, a former senior adviser at the Federal Reserve, was sentenced to 38 months in prison for lying to investigators about disclosing confidential information. He was convicted of making a false statement during a 2020 interview with the Fed's internal watchdog but was acquitted of conspiracy to commit economic espionage. The case involved allegations of his engagement with Chinese spies and a blackmail scheme related to nude photographs.

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Former Fed Adviser Gets 38 Months in Prison for Lying to Internal Watchdog

A jury found John Rogers guilty of making a false statement but acquitted him of a more serious charge of conspiracy to commit economic espionage for China

C. Ryan Barber

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Marriner S. Eccles building of the Federal Reserve Board under construction. The Federal Reserve Board headquarters last summer.Alex Wong/Getty Images

WASHINGTON—A former Federal Reserve official was sentenced Wednesday to more than three years in prison for lying to investigators about sharing confidential information outside of the central bank, in a case that combined Chinese spies, economic espionage and a blackmail scam involving nude photographs.

John Rogers, a former senior adviser in the Fed’s division of international finance, was found guilty earlier this year of making a false statement when he denied, in a 2020 interview with the central bank’s internal watchdog, that he ever released restricted information. But a jury acquitted him of a more serious charge that he conspired to commit economic espionage, rejecting federal prosecutors’ claims that Rogers leveraged his access to internal documents—including sensitive economic forecasts and briefing materials for Fed rate-setters—and conveyed them to Chinese intelligence officers.

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Former Fed Adviser Gets 38 Months in Prison for Lying to Internal Watchdog

Former Fed Adviser Gets 38 Months in Prison for Lying to Internal Watchdog

A jury found John Rogers guilty of making a false statement but acquitted him of a more serious charge of conspiracy to commit economic espionage for China

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