#China Targeted #US Federal Reserve system to Build Informant Network and Access #Data, Probe Finds
//China tried to build a network of informants inside the Federal Reserve system, at one point threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic economic data, a congressional investigation found.
The investigation by Republican staff members of the Senate’s Committee on Homeland Security and Governmental Affairs found that Fed employees were offered contracts with Chinese talent-recruitment programs, which often include cash payments, and asked to provide information on the U.S. economy, interest-rate changes and policies, according to a report of the findings released Tuesday [July 26, 2022].//
Read more:
https://www.wsj.com/articles/china-targeted-fed-to-build-informant-network-access-data-a-probe-says-11658826000
Source: WSJ #Jul26
#Espionage #Beijing #Security #Infiltration #FED
//China tried to build a network of informants inside the Federal Reserve system, at one point threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic economic data, a congressional investigation found.
The investigation by Republican staff members of the Senate’s Committee on Homeland Security and Governmental Affairs found that Fed employees were offered contracts with Chinese talent-recruitment programs, which often include cash payments, and asked to provide information on the U.S. economy, interest-rate changes and policies, according to a report of the findings released Tuesday [July 26, 2022].//
Read more:
https://www.wsj.com/articles/china-targeted-fed-to-build-informant-network-access-data-a-probe-says-11658826000
Source: WSJ #Jul26
#Espionage #Beijing #Security #Infiltration #FED