A CNBC investigation revealed that John Rogers, a former senior Federal Reserve official, has been accused of spying for China. He was arrested in January 2025 and charged with transmitting Federal Reserve information to a man identified by U.S. officials as a Chinese intelligence operative. Prosecutors allege that Rogers' espionage spanned over a decade, involving money, manipulation, and clandestine meetings. Rogers' lawyer, however, argued that he did not transmit valuable information and was merely a naive academic.