Ex-CIA official admits to $194 million fraud scheme involving gold bars

Former CIA official David Rush pleaded guilty Tuesday to a $194 million fraud scheme that allowed him to acquire hundreds of gold bars and luxury properties in Florida.

Ex-CIA official admits to $194 million fraud scheme involving gold bars

TL;DR

  • David Rush, a former CIA official, pleaded guilty to a $194 million fraud scheme.
  • The scheme allowed him to acquire hundreds of gold bars and luxury properties in Florida.
  • Rush pleaded guilty to one count of wire fraud in federal court.
  • Prosecutors stated Rush used his government position and access to classified programs to invent authorities and steer taxpayer money towards assets he controlled.