๐จ๐บ๐ธBREAKING: The CIA officer caught with $40 million in gold bars allegedly invented an entire fake top-secret spy program to steal the money.
As if this story couldn't get and wilder:
-David Rush allegedly built a sham "special access program," the blackest box in U.S. intelligence, so secret even top-clearance officials couldn't look inside without authorization
-The fake program posed as "continuity of government" work, the doomsday planning that keeps Washington running after a nuclear war
-He allegedly read in two colleagues as unwitting accomplices and used a made-up government contract to funnel millions, persuading a defense contractor to buy huge amounts of gold
-The FBI raid on his home seized 303 gold bars worth roughly $40 million, $2 million in cash, and 35 luxury watches
-Investigators say he lied about his college degrees, faked being a Navy pilot, and still sailed through the CIA's notoriously brutal vetting
-A judge ordered him held as a flight risk, and several CIA officials are now on leave as the probe widens
The scheme worked because of the system, not in spite of it.
The secrecy walls built to hide operations from China and Russia hid the fraud from the CIA itself.
A man with a fake rรฉsumรฉ ran a fake doomsday program inside the most paranoid institution in America, and for years nobody noticed...
Source: Washington Post
@Justin_Bons@zooko Are you dumb asf they canโt explain if people have been using it ,and how much.Think anyoneโs going to trust that you boomers are slow asf
๐จ INDIA MAY HAVE JUST WITNESSED ONE OF ITS BIGGEST ACCOUNTING FRAUDS EVER.
SEBI alleges that Rajesh Exports, one of India's most well known gold companies and a Fortune Global 500 firm, faked $158 billion in revenue, 99.8% of everything it ever claimed to earn over the last 5 years.
Rajesh Exports owns a Swiss gold refiner called Valcambi SA through overseas subsidiaries.
The parent company booked the full value of refined gold as its own revenue, even though it never owned the gold. It only held it temporarily for refining on behalf of customers.
Valcambi's own audited financials show it generated less than 0.5% of what Rajesh Exports was claiming as group revenue.
When SEBI asked for subsidiary financial records, Rajesh Exports repeatedly refused, citing Swiss privacy laws. SEBI is legally authorised under those same laws to request the records.
SEBI also found $1.3 billion in recorded transactions with a firm called Affluence Shares and Stocks.
Affluence told SEBI directly that Rajesh Exports was never its client, no agreement existed, and no trades were ever executed.
SEBI alleged those entries were fabricated to match gold derivative trades the owner was running through his personal account using company funds transferred without board approval.
Owner Rajesh Mehta has been banned from all securities market activity and a forensic audit has been ordered.
LIC, India's largest state insurer, owns 10.8% of the company.
The company has denied all charges and plans to contest the order.
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