FBI Arrests CIA Official with $40M in Gold Bars in His Home

(nytimes.com)

148 points | by cwwc 3 hours ago

24 comments

  • siavosh 7 minutes ago
    “$40 million…a small fortune” — inflation has gotten out of hand!
  • NooneAtAll3 1 hour ago
    That's ~280kg of gold if anyone wonders
    • xnx 1 hour ago
      It would make such a fantastic set of barbell plates.
      • nradov 14 minutes ago
        Or a really cool scuba diving weight belt.
      • CSSer 1 hour ago
        Gold is pretty soft. You would have to cut it to 10 carat, so there’s be even more to go around!
        • elif 1 hour ago
          Nah literally crushing plates would feel so good. Worth the effort to melt it again every few sessions
        • thrownthatway 1 hour ago
          Having to handle the plates with care and the damage they’d take regardless would add to the charm.
          • scottshea 51 minutes ago
            This whole thread renews my faith in humanity
          • zippyman55 45 minutes ago
            I’ll spot you!
      • sneak 31 minutes ago
        1kg gold bars are tiny.
    • omoikane 30 minutes ago
      The article says "approximately 303 gold bars, each of which weighed approximately one kilogram"

      I guess the gold bars aren't uniformly sized, which would agree with your ~280kg number.

    • Imagenuity 38 minutes ago
      ~ 617 lbs.
  • vostrocity 2 hours ago
    How porous is the CIA's interview process that they couldn't validate the guy's military discharge status?
    • PedroBatista 1 hour ago
      The type of people Intelligence agencies need and use to accomplish their goals are also the type of people who tend to do these things.
    • EA-3167 1 hour ago
      When it comes to stories involving intelligence agencies I generally assume that I’m not getting the whole or accurate story.
    • IncreasePosts 1 hour ago
      How porous is the approving manager/chain that someone can request 300kg of gold bars and no one knows why and they just approve it any way.
    • yieldcrv 51 minutes ago
      the CIA told him to make that part of his identity and then burned him with it

      isn’t it obvious?

      not being charged for the forty million dollars in gold and foreign currency missing, no explanation on why they are even looking for something that was rightly paid out as expenses, no explanation on what kind of expenses those could be to begin with to incur this much, no explanation on why the government wasn't using US dollars to pay a government employee expenses. Its a complete red herring because some client state is paying off a debt, CIA just needs this guy burned

  • rdtsc 50 minutes ago
    > From last November to March, the court papers say, Mr. Rush asked for, and received, “a significant quantity of foreign currency and tens of millions of dollars in gold bars for work-related expenses.”

    - "I need these bars to pay off this Russian spy who will tell us Putin's nuclear codes password"

    Comes back a week later

    - "His password is 12345"

    - "How do we know the story is not fake?"

    - "What am I going to get a signed receipt from him? Duh..."

  • exabrial 1 hour ago
    If this were a Jason Bourne movie, it was the CIA that put the gold bars there.
    • kingforaday 1 hour ago
      I was just looking for something to watch tonight. Thanks for the recommendation!
    • throw7 27 minutes ago
      Ehh, more like Rush would've been found dead like Abbott after declaring "I'm a patriot" to internal CIA. What's tantalizing about Bourne is something about who we are and capable of, regardless of conditioning... both good and bad.
  • yangm97 3 minutes ago
    Should’ve used Monero or something lmao
  • hnthrowaway0315 2 hours ago
    Maybe this is part of the shadow money. CIA has been working with business people since the beginning of Cold War and I wouldn't be surprised that they have deep roots in the financial world -- after all both Intelligence and Finance need globalization.
    • webnrrd2k 0 minutes ago
      There's a book that ties into this sort of thing - Gold Warriors [1]. It about how, post WWII, the US recovered a bunch of Gold looted from China and used it to set up an anti-communist slush fund.

      [1] https://www.goodreads.com/book/show/249237.Gold_Warriors

    • paradoxyl 1 hour ago
      The cover of national security has allowed a certain type of organized crime to proliferate to the point it's breaking society.
      • thrownthatway 1 hour ago
        Son: dad, I’m thinking of getting in to organised crime

        Dad: Public or private sector?

    • moralestapia 1 hour ago
      I don't think it's connected to this specific event, but there's a lot of lore about the CIA moving gold in/out of Afghanistan, Iraq and others during war time.
      • hnthrowaway0315 1 hour ago
        I used to read a lot about Michele Sindona who was supposed to be connected to the Mafia and the intelligence community. His currency trading firm was one of the first to trade the Eurodollar contracts back in the 60s, IIRC.

        I think intelligence and finance really go hand in hand. It makes so much sense -- you see, the intelligence community really hates the congress or whatever to snoop around its operations before approving the budget -- wouldn't it a lot easier to just earn your own $$? And with all the information the intelligence agencies control, it is almost trivial to make quick money in finance. Last but not the least, wouldn't banker be the perfect cover for spies? They wear nice suites, too.

    • themafia 1 hour ago
      They want globalization to make their jobs easier. In no sense do they "need" it. Whether we want a world where the desires of intelligence and finance are blindly prioritized is an open question. For my part the answer is obviously no.
      • hnthrowaway0315 1 hour ago
        I think most ordinary people would say No, but most of us do not have a say in any important things. They put up the facade of voting while all the important stuffs are decided within the circles.

        I think it really makes sense to consider ourselves to be just intelligent cattle -- they still tolerate us because they need us to turn natural resources into machinery, weapon, insights and other stuffs they need, but once AI and robots keep up, they can probably get rid of 90% of us.

    • JumpCrisscross 2 hours ago
      It’s almost certainly grift. If it were official, the arrest would have been scrubbed.
    • hmmokidk 2 hours ago
      [flagged]
  • skeledrew 1 hour ago
    Guy sounds like a dragon. What's the deal with the watches though?
    • NDlurker 1 hour ago
      I imagine watches are more liquid than gold bars
      • TZubiri 19 minutes ago
        also they seem to be a virus that wealth-chasing people catch on to
  • VladVladikoff 45 minutes ago
    Archive.ph/archive.today failing me to bypass paywall, is everyone commenting on the title? Or you all have NYT subscriptions? Or you know of some other bypass?
  • sleepyguy 2 hours ago
    Sounds like he was most likely involved in some serious shit that was off the books and somehow it came to light. His boss is probably aware of what it was but no one will admit shit. It went awry and he is left holding the bag.

    Gold and money for an operation that could have been to anything from funding armed rebellion to god only knows.

    • asdff 2 hours ago
      $40m+ in an expense account based in gold bars is absolutely crazy. CIA agents must have access to untold resources if this is seen as a somewhat regular 4 month spend. Seems it is, given that they seemingly weren't concerned about the $40+ million being taken out, but where it was being held.
      • sneak 30 minutes ago
        $40M is a trivial amount of money to everyone involved in this matter. It’s only a few hundred 1kg bars.
      • coliveira 2 hours ago
        The "resources" are off the books, it must be just the tip of the iceberg.
    • fn-mote 2 hours ago
      I thought this was baseless speculation, but from TFA:

      > [he] asked for, and received, “a significant quantity of foreign currency and tens of millions of dollars in gold bars for work-related expenses.

    • golem14 1 hour ago
      Yeah, this reads like right out of "Burn notice".
  • mmooss 1 hour ago
    The CIA legitimately engages in bribery and hard asset payments. Note that the CIA approved his request and gave him these assets (or at least many of them - the paragraph below doesn't specify the amount).

    > From last November to March, the court papers say, Mr. Rush asked for, and received, “a significant quantity of foreign currency and tens of millions of dollars in gold bars for work-related expenses.”

    Possibly the question here is, why did Rush take them home. It's always possible Rush was just sloppy and undisciplined, which would also reflect a cultural problem. Many people have been found with secret documents in their homes.

    • lazide 26 minutes ago
      If he still has them, it’s probably ‘garden variety’ workplace embezzlement.

      Make up some sources, pretend to pay them, cash the payments.

      He probably just got sloppy, and it got too obvious.

  • AmazingEveryDay 3 hours ago
    This seems absolutely crazy. Probably Fort Knox should be inventoried, might indeed not be anything there!
    • root_axis 35 minutes ago
    • yieldcrv 1 hour ago
      This is different than that and scant on pertinent details

      It says he received it as compensation for expenses, not that it was ever in some government vault. This is additional gold and foreign currency that an agency had, not the reserve.

      It then says

      > When the C.I.A. conducted a review of where the gold and currency were stashed

      Why would they do that if it was compensation for expenses

      He wasn't charged for that, and the phrasing doesn't suggest it was supposed to be remitted to the government

      if the CIA didn't have a history of being involved in shady shit like this that already explains everything, this would be weird

      instead it looks like he's got burned over his necessary use of fibbed identity

  • mahirsaid 20 minutes ago
    okay now the Director!
  • Computer0 1 hour ago
    I'm guessing they decided they don't like the guy anymore? The CIA is very corrupt as an institution and things like this run rampant. Billions of dollars go unaccounted for a year at the CIA.
  • johnea 2 hours ago
    > millions of dollars in gold bars for work-related expenses.

    Hey, handing over millions of $$s to local warlords is a business expense...

  • contingencies 2 hours ago
    CIA: Corruption Institute of America
    • paradoxyl 1 hour ago
      Its nickname since the 1970s has been Criminals in Action, when they were smuggling heroin out of the Golden Triangle to fund covert actions during the Vietnam War.
  • JSR_FDED 2 hours ago
    [flagged]
    • walrus01 2 hours ago
      Imagine how much booze this can buy. They'll need lift gate service on the semi truck loads, if Kash's house doesn't have a loading dock.
  • delichon 2 hours ago
    A couple of weeks ago there was a story that the CIA raided the office of the director of the NSA and seized information regarding the CIA. Trump was in China at the time. About a week later the NSA director resigns. I waited for it to turn into a major story and get some kind of explanation, but silence.

    It seems like an extraordinary story and I don't understand why there isn't a hullabaloo. Did I hallucinate it? Who runs this country?

    • wildzzz 1 hour ago
      Anna Paulina Luna is the only one claiming that the CIA raided the office of the DNI. No other trustworthy sources are reporting this and there's been no independent verification. Anna Paulina Luna is a lunatic who says outlandish things with no regards to truth.
    • m348e912 57 minutes ago
      There might be a mix up on the details.

      The FBI raided the home of John Bolton who was a former National Security Advisor for the first Trump administration. (not directly part of the NSA and definitely not the director of the NSA). Bolton has become a vocal critic of Trump since he was fired in Sept 2019.

      Trump's DOJ has a track record of prosecuting Trump's vocal critics. eg. Former FBI director James Comey and New York attorney general Letitia James

      https://en.wikipedia.org/wiki/Prosecution_of_John_Bolton

      There has been no legal action taken against current NSA director General Joshua M. Rudd or his recent predecessor, William J. Hartman

    • NordStreamYacht 1 hour ago
      The DNI, not the NSA.
    • greesil 1 hour ago
      Because nobody reputable reported on it?
      • foobar1726 1 hour ago
        Reputable reporters know that publishing those stories leads to break-in burglaries where everyone is killed and nothing is stolen.
    • dabadabad00 2 hours ago
      > Who runs this country?

      American Thought Control.

      Crazy crackpot schizos aren’t the only ones listening to the voices in their heads.

  • JumpCrisscross 2 hours ago
    Huh. I’m actually glad to see the IC fragmenting like this.
    • chatmasta 1 hour ago
      Is it fragmenting? The FBI has always been in charge of investigating other agencies. The article even notes that this particular investigation was initiated when the CIA director made a referral to the FBI.
      • JumpCrisscross 1 hour ago
        > article even notes that this particular investigation was initiated when the CIA director made a referral to the FBI

        Fair enough.

  • simpaticoder 2 hours ago
    So what is that, like 10 gold bars?

    EDIT: it's 240. but still, they were worth a lot less not that long ago...

    • mlmonkey 2 hours ago
      According to the article, 303 gold bars worth about $40M.
    • farrarstan 2 hours ago
      [dead]
  • mlmonkey 2 hours ago
    Gold is the "bitcoin" of yesterday, in the sense that it is untraceable, anonymous and yet high value enough to be worth it.

    And it can be made to disappear in a hurry, if you have to: https://www.npr.org/sections/krulwich/2011/10/03/140815154/d...

    • ozgrakkurt 2 hours ago
      None of those points match bitcoin. What you are describing is more like tornado cash or similar stuff which are really really banned when interfacing with banks or similar institutions.
    • rafram 35 minutes ago
      > untraceable, anonymous and yet high value enough to be worth it

      Literally none of these is true of Bitcoin.