MarketPR
A sentence exceeding three years in federal prison has been handed to a former Federal Reserve advisor convicted of making false statements about ties to China.
Prosecutors describe the case as one of the most prominent U.S. prosecutions alleging Chinese intelligence efforts to target American institutions.
The outcome lands as the Trump administration intensifies its pursuit of foreign economic espionage.
The case and what it marks The charge of lying about China ties, and the prison term that followed, gives the administration a concrete result in an enforcement area that has drawn sustained political attention.
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