Ex-CIA officer who stashed gold used Palm Beach luxury homes in $193M scam
An ex-CIA officer who admitted last week to defrauding the government of $145 million wired more than $100 million into South Florida luxury real estate as part of the scheme. The former officer, David J. Rush, of Virginia, pleaded guilty Oct. 6 to one count of wire fraud after the FBI discovered 300 gold bars, along with $2.1 million in cash, about 100,000 Euros and luxury watches including Rolexes, in his Virginia home in May. Court documents filed after his arrest show he participated in a bigger scheme that included using illegally obtained money to buy four South Florida properties […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts

Mystery buyer of Golden Beach mansion has the town talking. Is it Jeff Bezos?

Russell Galbut scraps three Live Local Act projects in Miami Beach amid state law opposition

MRK secures $67M construction financing for Fort Lauderdale housing project amid affordable housing crunch

Compson scores city approval for apartments at Boca office complex

After Related Ross stint, exec jumps to CBRE to oversee Miami, Fort Lauderdale

Serhant to market ultra-luxury rentals at Aimco’s Edgewater rental

Hispanic buyers play growing role in housing market

Real estate inquiries often fail to reach agents

Lennar’s Millrose was built to hold land. Instead, it allegedly bought homes, rented them at loss

