FBI Arrests CIA Official With $40 Million In Gold Bars In His Home

A senior CIA official, David Rush, was arrested after investigators found more than $40 million in gold bars and about $2 million in cash at his Virginia home. According to the New York Times, "The only charge lodged against David Rush is that he inflated his academic credentials and obtained military leave pay worth tens of thousands of dollars." From the report: The court papers describe Mr. Rush as a "former senior executive service-level employee at a United States government agency." People familiar with the investigation say he until very recently held a senior position at the C.I.A. In a joint statement, the C.I.A. and F.B.I. said the arrest occurred on May 19, after the agency alerted the bureau. "After a C.I.A. internal investigation identified potential violations of the law, C.I.A. Director John Ratcliffe referred the information to the F.B.I. for a law enforcement investigation," the statement said.

From last November to March, the court papers say, Mr. Rush asked for, and received, "a significant quantity of foreign currency and tens of millions of dollars in gold bars for work-related expenses." When the C.I.A. conducted a review of where the gold and currency were stashed, the agency was "unable to locate the gold bars or significant amounts of the foreign currency," according to court papers.

On May 18, F.B.I. agents searched Mr. Rush's home and found "approximately 303 gold bars, each of which weighed approximately one kilogram," according to an affidavit. Based on the price of gold, the affidavit said, the estimated value of the gold exceeded $40 million. Investigators also seized nearly three dozen luxury watches, many of them Rolexes. The court papers do not indicate why Mr. Rush appears to have kept so much gold, and $2 million in U.S. currency, in his home, or what work project would have required him to amass such wealth.

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