Former CIA official pleads guilty to wire fraud in property and gold scheme

Former senior CIA official David J. Rush pleaded guilty Tuesday in federal court in Alexandria, Virginia, to wire fraud. Court filings say he fabricated government programs to obtain funds and gold bars and acquire luxury properties in Florida for personal profit.

Prosecutors say Rush directed the transfer of about $145 million to a holding company he formed and used the money to buy four properties. Investigators who searched his Virginia home seized about 300 gold bars, roughly $2 million in cash and about 35 luxury watches.

A judge set Rush’s sentencing for Jan. 28. Prosecutors also accuse him of falsely claiming military and academic credentials; investigators found he did not serve as a Navy pilot or attend the universities he listed.

Read the full story at wtop.com.