Case Highlights
The following are highlights of our work during the October 1, 2024–March 31, 2025, semiannual reporting period. Closed investigative reports are not made public and are subject to disclosure in accordance with applicable law. However, significant investigative results and other investigative statistics are reported in our semiannual report to Congress, as required by statute.
Former Board Senior Adviser Indicted on Charges of Economic Espionage
John Harold Rogers, a former senior adviser in the Board’s Division of International Finance, allegedly passed trade-secret information to Chinese government officials posing as graduate students and made false statements about his activities to our investigators. He faces up to 15 years in prison and a $5 million fine for conspiracy to commit economic espionage and up to 5 years in prison for making false statements.
Former Senior Manager of the Federal Reserve Bank of Richmond Sentenced for Insider Trading and Making False Statements
Robert Brian Thompson, a former Federal Reserve Bank of Richmond (FRB Richmond) employee, was sentenced to 24 months in prison with 24 months of supervised release and ordered to pay a $200 assessment and $771,678 in asset forfeiture. Thompson pleaded guilty to misappropriating confidential information to execute trades in publicly traded financial institutions. He concealed his scheme—and over $771,000 in personal profits—by falsely representing his assets on his annual financial disclosures. He faces up to 20 years in prison for insider trading and up to 5 years in prison for making false statements.
Former Bank General Counsel Pleaded Guilty in $7.4 Million Embezzlement Scheme
James Blose, who held high-ranking positions at several banks, pleaded guilty in Connecticut to bank fraud, which carries up to 30 years in prison, and engaging in illegal monetary transactions, which carries up to 10 years in prison, stemming from a decade-long embezzlement scheme through which he stole about $7.4 million from the banks he worked for.
