David J.

David J. Rush, a former CIA officer who was arrested in May for stealing millions of dollars in gold bars and $2 million cash, allegedly set up a fake operation in order to convince a colleague to transfer the money to him. Photo by Chris Kleponis/UPI | License Photo

June 6 (UPI) — A former Central Intelligence Agency officer who was caught with $40 million in gold bars allegedly created a fake intelligence program in order to steal the money.

David J. Rush was arrested in May and charged with theft of public funds after he lied to the agency about his military history, education and pilot license, and was then accused of stealing the gold bars and $2 million in cash that was found in his home.

U.S. officials have now said that Rush created a fake intelligence operation, or “special access program,” related to the “continuity of government operations” that he used to convince another agent to transfer the money to his operation, The New York Times and The Washington Post reported.

“He made up a contract,” one of the officials told The Post.

Rush allegedly read in two CIA colleagues on the fraudulent operation, which he claimed was related to keeping the government running in the event of a catastrophic event, such as destructive weather or a military attack.

It is not clear how the former officer was able to create a secret program and obtain the funds without involving superiors in the agency, but he managed to convince one of the colleagues to purchase the gold and transfer it to him.

The fact that Rush managed to apply to and was hired by the CIA using false credentials has raised questions about the agency’s background checks and security when hiring, the Times and the Post reported.

Additionally, several former U.S. officials question how somebody could be hired and then assigned to a significantly sensitive intelligence-gathering program that is classified.

Rush was caught and charged after the agency conducted a review of expenses and could not locate the gold or cash he had requested.

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.