Former CIA official found with $40 million in gold bars for 'work-related expenses' reaches tentative plea deal | Fortune

Investigators searched Rush's home and seized about 300 gold bars worth more than $40 million, plus about $2 million in U.S. currency and about 35 luxury watches.

• A former CIA official, David J. Rush, is facing theft charges for allegedly inflating his salary and claiming fraudulent leave hours.
• Investigators seized approximately $40 million in gold bars, $2 million in U.S. currency, and luxury watches from his home, which he claimed were for 'work-related expenses'.
• Rush has reached a tentative plea agreement, avoiding a trial that could involve classified material, though the details of the deal are not yet public.

Topics: Asset types, Legal regulatory, Risk default, Alternative assets, Enforcement actions litigation, Credit counterparty risk

Tags: #davidrush #ciaofficial #goldbars #pleadeal #theft #workrelatedexpenses #fbi #prosecutors #luxurywatches #uscurrency

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Hawaii crypto ATM cash deposits banned from Oct. 1

Hawaii will ban cash-to-crypto kiosk deposits from Oct. 1 after the FBI recorded 92 complaints and $3.85 million in state losses.

• Hawaii will ban cash-to-crypto ATM deposits starting October 1, 2026, following a significant increase in fraud complaints and financial losses reported by residents.
• The new law, Act 224, specifically targets the function of using U.S. currency to purchase digital assets, while allowing crypto-to-cash and crypto-to-crypto transactions to continue.
• This measure aims to combat scams where criminals direct victims to use kiosks for illicit transactions, with other states also implementing varying levels of crypto ATM regulation.

Topics: Legal regulatory, Jurisdictions, Compliance, Securities law classification, Regulatory sandboxes pilots, Aml antimoneylaundering

Tags: #hawaii #cryptoatm #cashdeposits #ban #fbi #scams #consumerprotection #digitalfinancialasset #act224 #housebill1642

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Ex-FBI Supervisor Pleads Guilty in ~$1M Crypto Theft Case

A former FBI supervisory agent, Patrick Steven Yaroch, has been charged with abusing internal access to obtain credentials for cryptocurrency wallets tied to an adversarial country and then using those funds to transfer value to his own crypto accounts. Prosecutors say Yaroch use...

• A former FBI supervisory agent, Patrick Steven Yaroch, has pleaded guilty to stealing approximately $1 million in digital assets by abusing internal access to cryptocurrency wallet credentials linked to an adversarial country.
• Yaroch admitted to 10 unauthorized transfers between late 2024 and early 2025, with some stolen crypto deposited into Suilend for yield. Investigators recovered devices and seed phrases from his home.
• This case highlights a recurring pattern of law enforcement personnel involvement in crypto theft, underscoring the risks associated with insider access to sensitive digital asset information.

Topics: Legal regulatory, Blockchain usage, Institutional adoption, Enforcement actions litigation, Private enterprise ledgers, Banking depository pilots

Tags: #patrickstevenyaroch #fbi #cryptotheft #adversarialcountry #unauthorizedtransfers #digitalassets #suilend #kraken #silkroadinvestigation #credentialmisuse

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FBI agent allegedly stole crypto, asked ChatGPT about escape

A former FBI supervisory agent allegedly stole about $1 million in cryptocurrency, mixed it with personal funds, and asked ChatGPT how to use the money and relocate to Europe. FBI agent allegedly transferred crypto using discovered keys Federal authorities arrested…

• A former FBI agent, Patrick Yaroch, is accused of stealing approximately $1 million in cryptocurrency using discovered private keys.
• Yaroch allegedly used ChatGPT to explore investing the funds and relocating to Portugal, even booking a flight before his arrest.
• The case highlights concerns about insider theft and failures in cryptocurrency custody procedures, distinct from external technical exploits.

Topics: Legal regulatory, Institutional adoption, Risk default, Enforcement actions litigation, Onboarding prime brokerage, Smart contract vulnerabilities

Tags: #fbi #cryptocurrency #theft #chatgpt #patrickyaroch #investigation #portugal #adversarialnation #custodyfailures

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El FBI y trece países alertan sobre los trabajadores IT de Corea del Norte que roban cripto para financiar armas

El FBI y socios de una docena de países alertaron sobre los trabajadores IT norcoreanos que se infiltran en empresas para robar cripto y financiar armas.

• North Korean IT workers are using fake identities to infiltrate global companies, stealing code, data, and cryptocurrency to fund weapons programs.
• They often demand payment in cryptocurrency or through third-party services, and increasingly use AI to enhance their fraudulent profiles.
• The FBI and international partners are warning companies about these threats, emphasizing the need for robust identity verification in remote hiring.

Topics: Legal regulatory, Infrastructure providers, Blockchain usage, Licensing issuer obligations, Tokenization platforms, Private enterprise ledgers

Tags: #northkorea #itworkers #cybercrime #cryptocurrencytheft #fbi #sanctionsevasion #artificialintelligence #remotework #identityfraud #blockchain

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