A former senior CIA officer allegedly fabricated a high secret intelligence program to siphon authorities cash into gold, in accordance with folks acquainted with the federal investigation.
David J. Rush, charged with theft of public cash, constructed a sham “particular entry program” that prosecutors say funneled tens of millions and ended with 303 gold bars stashed in his house.
How the Alleged Scheme Labored
Rush labored within the CIA’s Directorate of Science and Know-how and constructed what is called a particular entry program, a black field so restricted that even cleared officers want authorization to see inside.
He allegedly “learn in” two colleagues as presumably unwitting accomplices and used a fabricated contract to funnel cash into it.
The pretend challenge posed as continuity of presidency work, the doomsday planning for preserving Washington working after a disaster.
Rush reportedly used that cowl to influence a protection contractor to purchase massive quantities of gold.
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What the FBI Discovered
A Could 18 raid on Rush’s Virginia house turned up 303 gold bars price roughly $40 million, $2 million in money and 35 luxurious watches, in accordance with a authorities affidavit.
The Could 20 submitting additionally alleges he lied a couple of Clemson diploma, a Rensselaer grasp’s and a Navy pilot file, and picked up $77,000 in army depart pay after leaving the Navy in 2015.
The FBI discovered no file he attended both faculty. CIA Director John Ratcliffe referred the case after an inner assessment, and a number of other officers at the moment are on depart.
Why a $40 Million Gold Haul Attracts Scrutiny
The seizure lands amid file demand for gold as a retailer of worth, with central banks stockpiling gold close to file ranges.
That run has revived the BTC versus gold debate and contemporary claims that Bitcoin is digital gold.
Traders additionally weigh Bitcoin versus gold as a hedge.
Bodily bullion, although, leaves a heavy paper path, elevating questions on how the theft escaped discover.
A Widening Case
At a June 5 detention listening to in Alexandria, Virginia, Justice of the Peace Choose William Fitzpatrick ordered Rush held as a flight threat.
Prosecutor Gavin Tisdale known as him a “grasp manipulator” and mentioned the proof to this point is barely a “fraction” of what investigators have gathered.
“Protecting gold bars and wads of money in your home will not be precisely top-notch tradecraft,” mentioned Jim Himes, rating Democrat on the Home Intelligence Committee, in a public assertion.
The one cost could also be solely the opening transfer. With proof sealed and officers on depart, coming weeks will present whether or not that is one man’s fraud or a wider breakdown of CIA controls.
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