Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Catherina Gioino

Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

Gold bars (Credit: DOJ (U.S. v. David J. Rush, 1:26-cr-00185))

A former senior federal official pleaded guilty Tuesday to defrauding the government of about $194 million, using invented classified programs to buy 298 gold bars, four luxury South Florida properties, watches and two BMWs.

David J. Rush of Ashburn, Virginia, pleaded guilty to one count of wire fraud in federal court in Alexandria, after reaching a tentative plea deal in September. Under the final agreement, he owes at least $195.4 million in restitution. The fraud caused $193.6 million in losses, according to court documents, and $1.8 million in private charter flights he billed to the government.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.