A former Federal Reserve’s senior consultant, John Harold RogersHe was arrested on charges of conspiring to steal the Fed’s commercial secrets for the benefit of China, the Ministry of Justice announced Friday.

Rogers, who worked as a senior consultant at the Fed International Finance Department from 2010 to 2021, is said to be allegedly shared confidential information with Chinese co-conspirators who worked for China’s information and security mechanism and were presented as postgraduate students.

A judge ordered Rogers’ detention until hearing a booking next Tuesday, according to a spokesman for the US prosecutor’s office.

As Reuters reports, the Fed International Financial Department is responsible for basic research, policy analysis and reports in the fields of external economic activity, foreign trade and US capital flows and developments in international financial markets and institutions, according to the US Central Bank website.

Since 2018, Rogers allegedly began to request confidential information, including financial data and sensitive information on interest rates discussions, and then transferred them to co-conspirators while pretending to be teaching in China, according to the indictment, according to the indictment. .

Rogers received payments for airline tickets, accommodation and food during his trip to China and offered him a beach vacation, the indictment said.

Accused of Conspiracy to commit economic espionage and for false statements.