{"id":83951,"date":"2022-07-28T14:54:40","date_gmt":"2022-07-28T19:54:40","guid":{"rendered":"https:\/\/milesfortis.com\/?p=83951"},"modified":"2022-07-28T14:54:40","modified_gmt":"2022-07-28T19:54:40","slug":"83951","status":"publish","type":"post","link":"https:\/\/milesfortis.com\/?p=83951","title":{"rendered":""},"content":{"rendered":"

China tried to obtain internal info and build a network of informants inside the Federal Reserve, says a new GOP Senate report.<\/a><\/p>\n

The\u00a0Chinese government<\/a>\u00a0tried to obtain sensitive internal information and build a network of influence and informants inside the Federal Reserve, according to a new report released Tuesday by Republican staff members of the Senate Homeland Security and Governmental Affairs Committee.<\/p>\n

The report from the committee staff of Sen. Rob Portman of Ohio, the ranking member, did not conclude whether the attempts, which included the detention of a Federal Reserve employee,\u00a0were successful.<\/p>\n

Since at least 2013, the report found,\u00a0China<\/a>\u00a0has targeted the Federal Reserve System and sought to recruit U.S.-based economists to share information in exchange for money and other benefits. Thirteen Federal Reserve employees working across eight of the Fed\u2019s 12 locations were identified as the \u201cP-Network\u201d by a Federal Reserve analysis that deemed them to be of potential concern, according to the report.<\/p>\n

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One of the members of the \u201cP-Network\u201d was detained four times on a 2019 trip to Shanghai, and his family was threatened, according to the report. The Fed employee\u2019s phones, computers and contact information were hacked during his trip to\u00a0China<\/a>, and Chinese officials copied contact information of other Federal Reserve officials, the report said.<\/p>\n

The Senate committee obtained the Federal Reserve\u2019s counterintelligence analysis of the P-Network in 2020, but it said the central bank now disputes many of the findings. At least one of the employees of the network was fired for \u201cviolating certain [Federal Reserve System] rules,\u201d according to the analysis obtained by the committee. NBC News has not reviewed the original Federal Reserve analysis.<\/p>\n

The report also found what it called close ties between Federal Reserve employees and the People\u2019s Bank of China, Chinese media outlets and the Chinese Thousand Talents Program, which U.S. intelligence officials say encourages economic espionage.<\/p>\n

At least one Fed employee tried to transfer large volumes of data in an unapproved transfer to an external site after having had \u201ccontinuous contacts with Chinese nationals and universities,\u201d according to the report. It is not clear from the report whether the transfer was successful.<\/p>\n

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