CIA official found with gold bars admits to larger fraud scheme, agrees to forfeit $194 million.

via CBS:

Washington — A former CIA official who was found with $40 million in gold bars in his home in May pleaded guilty on Tuesday, admitting he invented fake classified programs to divert nearly $200 million in government money that he used to buy Florida mansions and gold.

David Rush entered a guilty plea on a single count of wire fraud during a hearing in federal court in Virginia.

As part of his plea agreement, Rush agreed to forfeit at least $194 million, including 298 gold bars, two BMWs, 35 luxury watches and four luxury homes in Florida. He faces up to 20 years in prison.

In a filing known as a criminal information detailing the allegations Rush admitted to, prosecutors said he invented a fake classified program to steer $145 million in government funds through a front company, using the money to purchase the homes in Florida that he intended to resell for profit. Separately, he “fabricated a separate purported sensitive government activity to justify the acquisition of gold bars,” prosecutors said.

Full details here, wild story.