Former Adviser to Federal Reserve Board of Governors Sentenced to Federal Prison Term

A former senior adviser in the Federal Reserve Board of Governors' Division of International Finance (2010–2021), was sentenced to 38 months in federal prison and 12 months of supervised release for making false statements to federal investigators. According to court records, Rogers developed a clandestine relationship beginning in 2017 with Hummin Lee, a Chinese intelligence operative, to whom he passed restricted, nonpublic Federal Reserve information including material related to Federal Open Market Committee deliberations and interest rate decisions via stripped-classification documents and personal email, receiving financial benefits and career assistance in return. A federal jury convicted Rogers on February 3, 2026 of lying to Federal Reserve OIG investigators who had asked him directly whether he'd shared restricted information outside the Board; prosecutors had sought a 60-month sentence.