Ex-CIA officer David Rush's $40M gold bar case could be 'cover-up': expert

Ex-CIA Officer David Rush's M Gold Bar Scandal: Expert Suggests Possible 'Cover-Up

David Rush, a former CIA officer, is at the center of a controversy involving an alleged multi-year scheme that resulted in him acquiring $40 million in gold bars while maintaining a top-secret security clearance. This situation has sparked concern within the Clandestine Service community about the effectiveness of their rigorous vetting processes and raised suspicions about others who might be operating undetected.

Tracy Walder, a former CIA staff operations officer, expressed her astonishment at the allegations against Rush. She suggests that this case might reveal deeper, systemic issues within the CIA.

“This would have required a significant cover-up involving multiple people,” Walder remarked to The Post. “They must have reviewed at least a decade’s worth of his personal connections. Did he convince them all to lie, or was he deceiving them too?”

On May 18, the FBI conducted a raid on Rush’s home in Virginia as part of an inquiry into potential falsifications regarding his military and academic credentials. During the search, authorities discovered 303 one-kilogram gold bars valued at over $40 million, along with $2 million in cash and 35 luxury watches, many of which were Rolexes.

Documents reveal that Rush allegedly secured the gold bars by submitting several requests between November of last year and March, claiming they were necessary for “work-related expenses.”

According to the affidavit, Rush obtained the gold bars by making a series of requests between last November and March of this year, claiming he needed the bullion for “work-related expenses.”

Walder surmised Rush may have forged documents, or maybe “it’s a lazy or incompetent background investigator” who missed the red flags across his three separate applications to the agency before he was finally hired in 2009.

“On a personal level, I was frustrated because obviously I went through the whole security clearance process and it’s not fun. How in the world did this slip through the cracks?” she wondered.

“The fact that this slipped through the cracks makes me concerned that there are other people who slipped through the cracks.”

Walden said CIA candidates must endure a lengthy — and invasive — vetting process in order to get hired.

“They don’t just verify your college. They came to my sorority house. They talked to my sorority sisters. They came to my parents’ house. They went to the friends of the friends of my parents,” she said.

As for the king’s ransom in gold bars Rush accumulated, she said sometimes the agency receives requests for currency or gold, but never without accounting for every penny.

“It’s not unusual to need money to meet with assets overseas. You have to have a way to pay them and you don’t just run a credit card. They’re essentially committing treason, so you’re going to pay them in whatever currency they want,” she said.

“But I cannot think of an asset that needs $40 million in gold bars,” she added.

“There is a whole process that we go through to get that money. I don’t just walk into the logistics office and say ‘Excuse me, I need $100,000 tomorrow.’ There is a form I have to fill out. It’s not a bank vault you walk into. It doesn’t work like that.”

She said even if Rush lied and said his asset was someone ultra high-profile like Russian President Vladimir Putin, “the CIA would know who has what asset and who is working with what asset and if they are real or not.”

But she said even if an agent asks for $10 “you still have to fill out that form and be accountable for it. It’s not a free-for-all.”

She said even after the pre-hiring vetting, CIA employees are subject to rigorous scrutiny of their credit and finances.

Walder said when she was just getting started in her career and money was tight and she was living in a rough neighborhood, her parents helped her out with $75 a month to park her car in a garage. Eventually, the agency flagged even that pittance.

“It’s annoying … I remember being flagged about that.” She said, recalling the agency peppered her with questions about the money, “Where did you get this? Why did you get it? What was it for?”

She eventually had to give them her parents’ banking information to prove where the $75 was coming from.

Walder hypothesized that maybe “they let this happen on purpose to see who he was talking to and what he was doing,” but dismissed her own theory due to the “spectacle” of the FBI raid of his home.

“It doesn’t make sense,” she said.

Rush, until recently a “senior executive service-level employee” at the CIA, is facing charges of theft of public money. He is being held in custody.

His attorney declined to comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Disney and Macy's debut special edition Thanksgiving Day parade collection to celebrate 100th anniversary

Disney and Macy’s Launch Special Thanksgiving Day Parade Collection for Disney’s 100th Anniversary

As a participant in multiple affiliate marketing programs, Localish may earn a…
Pope Leo says he voted in U.S. election because he's "proud to be an American"

Pope Leo XIV Says He Voted in U.S. Election, Proud to Be American

Pope Leo XIV, the first sitting pontiff to vote in a U.S.…
Two experienced skydivers die after midair collision entangles their parachutes

Experienced Skydivers Die in Midair Collision, Chutes Entangled

Two experienced skydivers were killed Friday after their parachutes became tangled during…
Paris agitators defy police orders, renew nationwide protests centered in Paris

Paris Protesters Defy Police, Renew Nationwide Demonstrations

Demonstrators continued taking to the streets in Paris and cities across France…
Blue Angels pilot removed from team for 'failing to uphold' standards, Navy says

Blue Angels Pilot Removed for Failing to Uphold Navy Standards

A Blue Angels pilot has been removed from the Navy flight demonstration…
Three teens, adult charged with murder after woman finds her teenage son dead in abandoned home

Three Teens, Adult Charged With Murder After Woman Finds Son Dead in Abandoned Home

Four people, including three teenagers, face murder charges in Georgia after a…
Trump demands DOJ investigation, prison for 'extortionist' Democrats following GOP's midterm blowout

Trump Demands DOJ Probe, Prison for Democrats After GOP Blowout

President Trump is calling for a Department of Justice investigation and prison…
Israeli President Herzog calls antisemitism a 'contamination of societies' as hate crimes surge

Israeli President Tasks Netanyahu Rival Yair Lapid With Forming Government

Israel’s election ends without a clear winner, leaving government formation uncertain Chief…
NYC DOE principal Caleb Haraguchi-Combs being paid nearly $200K despite not working at any school

NYC Principal Caleb Haraguchi-Combs Paid Nearly $200K Without a School

Talk about ludicrous. An NYC education official who moonlights as a rapper…
James Talarico crashes 'SNL' cold open days after turning Texas blue

Texas Democrat James Talarico Crashes SNL Cold Open After Win

Newly elected Texas Sen. James Talarico made a surprise appearance in the…
Bill Maher Unleashes After Left’s Sweeping Midterms Victory, Warns Democrats

Bill Maher Warns Democrats After Left’s Sweeping Midterm Wins

Bill Maher isn’t celebrating the Democrat Party’s sweeping midterm victories without reservations.…
Gunman opens fire from moving car in European tourist hotspot, leaving 6 dead and at least 11 wounded

Drive-By Gunman Kills 6, Wounds 11 in European Tourist Hotspot

BREAKING: 5 dead, 12 injured in Poland shooting Fox News correspondent Stephanie…