A former CIA agent is charged with stealing $40 million in gold bars, $2 million in cash and lying to the agency about his background. Photo by Chris Kleponis/UPI | License Photo
May 28 (UPI) — A former CIA agent is accused of stealing nearly $40 million worth of gold bars and about $2 million in cash from the agency, and lying to the agency about his education, military history and pilot license.
David J. Rush of Virginia, who is described in a criminal complaint as a former senior executive with a top secret clearance, was arrested last week and charged with theft of public funds, The Washington Post, USA Today and NBC News. He also claimed about $77,000 of paid military leave for which he wasn’t entitled.
The FBI searched Rush’s home last week and found 303 gold bars that weighed 2.2 pounds each and are estimated to be worth about $40 million, according to an affidavit written by Special Agent Matthew Johnson, USA Today reported.
The FBI seized the gold from the home along with about $2 million in cash and 35 luxury watches, many of which were Rolexes.
From November 2025 and March 2026, Rush requested and received “a significant quantity of foreign currency and tens of millions of dollars in gold bars for work-related expenses,” the affidavit said. When the government visited the storage facility where it was supposed to be stored, most of it was missing. The documents don’t list the reason he needed so much money and gold.
Rush had been in the Navy and was honorably discharged in 2015. But he allegedly told the agency that he was in the reserves for 10 years and took 744 hours of military leave during that time adding up to about $77,000, the affidavit said.
The affidavit alleges that Rush claimed to have a bachelor’s degree from Clemson University and a master’s degree from Rensselaer Polytechnic Institute. An FBI investigation found no record of him attending either school. He also claimed to have been a Navy pilot, but the investigation found no record of that, and the Federal Aviation Administration has no pilot’s license registered to Rush.
Rush is in the custody of the U.S. Marshals Service. He waived his right to a preliminary hearing, and a detention hearing is set for June 5.
Secretary of State Marco Rubio and President Donald Trump participate in a Cabinet meeting in the Cabinet Room of the White House on Wednesday. Photo by Samuel Corum/UPI | License Photo
