finance
Former Fed Adviser Sentenced to 38 Months for Sharing Economic Data
A former senior Fed adviser received a 38-month prison sentence after providing sensitive U.S. economic information, including advance notice of rate changes, to Chinese operatives. The individual removed restricted labels from documents and lied to investigators and a jury.
Jul 18, 1:10 PM·1m read1 source
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A former senior Fed adviser was sentenced to 38 months in prison for feeding sensitive U.S. economic information to Chinese operatives, @MarioNawfal reported. The material included advance notice on Federal Reserve rate changes.
The adviser stripped restricted labels from documents before emailing them out. The same individual lied to investigators and a jury. U.S. Attorney Pirro stated that the actions gave the Chinese the ability to cash in.
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