Sunday, July 5, 2026
36 C
New Delhi

Ex-CIA officer accused of siphoning $40 million in gold bars claimed it was for…

Ex-CIA officer accused of siphoning $40 million in gold bars claimed it was for 'government operations'

A former CIA officer accused of siphoning off more than $40 million worth of gold bars abused a highly classified intelligence system designed to protect some of the US’ most sensitive operations, according to a report by The New York Times.David Rush was a former CIA official who held top-level security clearance and is accused of creating a bogus “special access program” and using it to obtain massive quantities of government-owned gold bars and foreign currency under the guise of official expenses.Between November 2025 and March this year, Rush requested tens of millions of dollars in gold bars and large amounts of foreign currency, claiming they were needed for “work-related expenses”. The assets were instead diverted for his personal use.According to The New York Times, the fake programme was presented as being related to “continuity of government operations”, a term generally used for plans that allow the government to continue functioning during national emergencies, attacks or major disasters.Special access programmes are typically reserved for highly sensitive intelligence projects and are subject to strict secrecy rules. Sources familiar with the investigation told NYT that Rush used the programme’s secrecy to conceal the movement of government assets and avoid scrutiny.He even involved two colleagues in the programme and told them to not discuss it with others. One of them was persuaded to transfer large quantities of gold into the programme through a fraudulent government contract.The scheme came to light after a CIA internal investigation found possible misconduct and passed the case to FBI.In a joint statement, CIA and FBI said: “After a CIA internal investigation identified potential violations of the law, CIA Director John Ratcliffe referred the information to the FBI for a law enforcement investigation.”When FBI agents searched Rush’s home in Auburn, Virginia, on May 18, they discovered a cache of valuables.Agents recovered approximately 303 one-kilogram gold bars valued at more than $40 million, around $2 million in cash and 35 luxury watches including Rolexes. Rush has been charged with theft of public money in a criminal complaint filed in federal court in Virginia.The allegations against him extend beyond the gold bar scheme. Rush spent years building a false professional identity that helped him secure increasingly senior government positions. He falsely claimed to hold academic qualifications and listed those credentials when applying for federal jobs and security clearances.Rush submitted fake records to the US Navy when he enlisted in 1997, claiming to possess a university degree. The lie helped him obtain a commission as an ensign in the US Navy Reserve in 2004 before he was discharged in 2015.During a recent court hearing, prosecutors described Rush as a “master manipulator” and alleged that he had also posed as a doctor.

Go to Source

Hot this week

Charlie Kirk murder case: Utah prosecutors to argue Tyler Robinson should stand trial

Tyler Robinson, who is accused of fatally shooting Charlie Kirk, appears during a hearing in Fourth District Court in Utah on Dec 11. Read More

‘We are heroic people with heroic spirit’: Donald Trump marks America’s 250th Independence Day

President Donald Trump gestures at the conclusion of his speech during Salute to America, an Independence Day event honoring the nation’s 250th anniversary US President Donald Trump on Saturday marked the 250th anniversary of Ameri Read More

US marks its 250th birthday with fireworks, flyovers and extreme weather

Getty Images Bernd Debusmann Jr, at the Washington National Mall and Nardine Saad, Los Angeles 51 minutes ago The United States of America marked its 250th birthday with fireworks, flyovers, some intense weather acros Read More

Ukraine hits major oil terminal in Russia’s St Petersburg

Zelenskiy / Official Jaroslav Lukiv 4 July 2026 A major oil terminal in Russia’s second city of St Petersburg in the north-west was struck overnight by Ukraine, President Volodymyr Zelensky has said. Read More

Moment of destiny for France’s Le Pen in verdict to decide her future in presidential race

Getty Images Hugh Schofield Paris correspondent 6 hours ago France is in a state of nervous excitement as it awaits Tuesday’s court verdict that will determine whether nationalist frontrunner Marine Le Pen Read More

Topics

Charlie Kirk murder case: Utah prosecutors to argue Tyler Robinson should stand trial

Tyler Robinson, who is accused of fatally shooting Charlie Kirk, appears during a hearing in Fourth District Court in Utah on Dec 11. Read More

‘We are heroic people with heroic spirit’: Donald Trump marks America’s 250th Independence Day

President Donald Trump gestures at the conclusion of his speech during Salute to America, an Independence Day event honoring the nation’s 250th anniversary US President Donald Trump on Saturday marked the 250th anniversary of Ameri Read More

US marks its 250th birthday with fireworks, flyovers and extreme weather

Getty Images Bernd Debusmann Jr, at the Washington National Mall and Nardine Saad, Los Angeles 51 minutes ago The United States of America marked its 250th birthday with fireworks, flyovers, some intense weather acros Read More

Ukraine hits major oil terminal in Russia’s St Petersburg

Zelenskiy / Official Jaroslav Lukiv 4 July 2026 A major oil terminal in Russia’s second city of St Petersburg in the north-west was struck overnight by Ukraine, President Volodymyr Zelensky has said. Read More

Moment of destiny for France’s Le Pen in verdict to decide her future in presidential race

Getty Images Hugh Schofield Paris correspondent 6 hours ago France is in a state of nervous excitement as it awaits Tuesday’s court verdict that will determine whether nationalist frontrunner Marine Le Pen Read More

Large crowds gather in Tehran on first day of Ayatollah Khamenei’s funeral

Skip image gallery Reuters Reuters EPA Reuters 1 of 4 Aleks Phillips 4 July 2026 Large crowds of black-clad mourners have gathered outside Tehran’s main mos Read More

Former chess champion Kramnik banned over cheating remarks

AFP via Getty Images Parul Gupta 4 July 2026 The World Chess Federation (Fide) has banned former world champion Kramnik for at least a year over verbal attacks he made on other players, including the late Daniel Nar Read More

Seven Fishermen Missing as their boat failed to return harbour, search underway

VISHAKHAPATNAM: A mechanized fishing boat carrying a crew of seven people went missing in the Bay of Bengal after it set sail from Vizag fishing harbour on July 1 for fishing.The boat, MM-V5-83, had seven fishermen on board. Read More

Related Articles