A former Federal Reserve Bank of Chicago employee pleaded guilty to stealing central-bank secrets, following federal prosecutors’ accusations that he took confidential supervisory materials outside the bank before interviewing with prospective employers.
In a statement, the Justice Department said Jeffrey Cho pleaded guilty to the theft of confidential government property. His plea agreement didn’t identify the two firms he interviewed with while in possession of the stolen documents.
Future Fed criminals, please note: You really have to understand the nuances of how to pull these things off to be a big dog bankster immune to prosecution. Former Federal Reserve chairmen Alan Greenspan and Ben Bernanke, for example, have multi-million dollar contracts with bankster firms. Follow their footsteps.