tried 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.
The Senate committee obtained the Federal Reserve’s 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 “violating certain [Federal Reserve System] rules,” according to the analysis obtained by the committee. NBC News has not reviewed the original Federal Reserve analysis.
The Federal Reserve recently told the committee that some of the information it provided in its counterintelligence analysis reports from 2015 to 2020 can no longer be verified, according to a source familiar with the Senate investigation.The source also said the Federal Reserve has been resistant to security measures that could mitigate some threats, like reporting foreign contacts.
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