The official website of the United States announced today that former Federal Reserve advisor John Harold Rogers has been arrested on suspicion of conspiring to steal Federal Reserve trade secrets for personal gain. According to the documents, Rogers has been stealing trade secrets since at least 2018 by taking advantage of his position. In 2023, he received $450,000 from a university in China. If convicted, under the Economic Espionage Act, he could face 15 years in prison and millions of dollars in fines. This case has attracted significant attention from the financial and political circles in the United States and may lead to increased financial monitoring of China. This case underscores the importance of protecting trade secrets and serves as a wake-up call for institutions regarding information security management. Any attempt to gain benefits through improper means will face legal sanctions; maintaining a fair and just market order and information security is the cornerstone of ensuring stable economic development.
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