A former CIA official pleaded guilty on Tuesday after admitting he created a fake classified program to move almost $200 million in government funds to buy mansions and gold. In May, authorities found $40 million in gold bars at his home.
CBS News reports that David Rush pleaded guilty to one count of wire fraud in a federal court in Virginia. He agreed to give up at least $194 million, two BMWs, 35 luxury watches, and four homes in Florida.
Prosecutors said, “Although the real estate and gold acquisitions involved different transactions and intermediaries, they were executions of the same overarching scheme — RUSH created false classified authorities, directed and approved the associated expenditures, caused contractors and subcontractors to carry out the transactions, and thereafter exercised possession or control over the acquired assets.” Rush had access to several government programs.
Gold, Cash, and Watches
When he was arrested, FBI agents found gold bars, $2 million in cash, and luxury watches at his home after getting a search warrant. Prosecutors also said his holding company had about $38.6 million in its account.
Prosecutors first charged Rush with stealing public money. Investigators said he lied about his military service and education on his government application.
Rush could be sentenced to up to 20 years in prison.