Close Menu
Chronicle NG
    Trending Stories
    Thierry Henry

    Thierry Henry condemns PSG-Bayern 5-4 clash, calls match ‘street football’

    April 29, 2026
    1xBet Sponsored Advert

    Beginner guide and useful tips to start faster at 1xBet

    April 29, 2026
    Restrained suspect moments before being shot by police officer in Delta State

    Nigerians criticize police over killing of unarmed suspect in Delta

    April 29, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Thierry Henry condemns PSG-Bayern 5-4 clash, calls match ‘street football’
    • Beginner guide and useful tips to start faster at 1xBet
    • Nigerians criticize police over killing of unarmed suspect in Delta
    • Police arrest ASP Usman Nuhu for killing Mene Ogidi in Delta shooting
    • Police officer kills restrained suspect in Delta
    • UAE exit rattles OPEC as UN warns of food, trade crises
    • PSG edge Bayern in record-breaking nine-goal semi-final first leg
    • Terrorists threaten to kill 176 Kwara hostages in one week
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Wednesday, April 29
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Money Laundering: $20m cash concealed in mattress

    Chronicle EditorBy Chronicle EditorJanuary 25, 2017No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    The $20m cash concealed in a mattress
    Facebook Twitter WhatsApp
    The $20m cash concealed in a mattress

    United States authorities have seized $20m (£16m) in cash discovered in a bed frame under a mattress in a Massachusetts flat.

    The cash is believed to be linked to a $1bn pyramid scheme involving TelexFree, a company that claimed to provide internet phone services.

    Investigators uncovered the cash while following a Brazilian man, who was charged in connection to the haul, BBC reports.

    Federal prosecutors say the defunct company swindled almost a million people worldwide out of about $1bn.

    The US attorney’s office in Massachusetts tweeted a photo of the windfall of cash, which was found at the flat of Brazilian national Cleber Rene Rizerio Rocha, 28, in Westborough, Massachusetts.

    Mr Rocha was arrested and charged with conspiring to commit money laundering.

    A judge on Monday ruled that Mr Rocha was a flight risk and held him without bail.

    Prosecutors argue Mr Rocha was part of the scheme, transferring millions of dollars to Brazil by laundering the cash through Hong Kong.

    TelexFree, which purported to sell Voice over Internet Protocol (VoIP) services, allegedly made most of its revenue from people buying into the company scheme with the promise of payouts for posting online ads, according to federal prosecutors.

    Those investors were then compensated with money from new recruits, who were often friends and family members.

    “TelexFree purported to aggressively market its VoIP service by recruiting thousands of ‘promoters’ to post ads for the product on the Internet,” the Department of Justice said in a statement on its website.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    1xBet Sponsored Advert

    Beginner guide and useful tips to start faster at 1xBet

    Restrained suspect moments before being shot by police officer in Delta State

    Nigerians criticize police over killing of unarmed suspect in Delta

    Police officer Usman Nuhu killed restrained suspect Mene Ogidi in Effurun Delta viral video

    Police arrest ASP Usman Nuhu for killing Mene Ogidi in Delta shooting

    Restrained suspect moments before being shot by police officer in Delta State

    Police officer kills restrained suspect in Delta

    Oil pump jack silhouetted against rising price chart as OPEC faces crisis after UAE exit

    UAE exit rattles OPEC as UN warns of food, trade crises

    Terrorists threaten to kill 176 Kwara hostages in one week

    Terrorists threaten to kill 176 Kwara hostages in one week

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Thierry Henry

    Thierry Henry condemns PSG-Bayern 5-4 clash, calls match ‘street football’

    April 29, 2026
    1xBet Sponsored Advert

    Beginner guide and useful tips to start faster at 1xBet

    April 29, 2026
    Restrained suspect moments before being shot by police officer in Delta State

    Nigerians criticize police over killing of unarmed suspect in Delta

    April 29, 2026
    Police officer Usman Nuhu killed restrained suspect Mene Ogidi in Effurun Delta viral video

    Police arrest ASP Usman Nuhu for killing Mene Ogidi in Delta shooting

    April 29, 2026
    Restrained suspect moments before being shot by police officer in Delta State

    Police officer kills restrained suspect in Delta

    April 29, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.