Close Menu
Chronicle NG
    Trending Stories
    Plateau State residents were thrown into mourning and shock on Tuesday following the discovery of a woman’s corpse in a river in the Bukuru Lowcost community in the Jos South Local Government Area of the state.

    Man stabbed to death over N25,000 debt in Ogun beer parlour

    April 6, 2026
    ADC accuses INEC of blocking party ahead of 2027 elections

    ADC accuses INEC of blocking party ahead of 2027 elections

    April 6, 2026
    Burkina Faso troops killed more civilians than jihadists — report

    Burkina Faso troops killed more civilians than jihadists — Report

    April 6, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Man stabbed to death over N25,000 debt in Ogun beer parlour
    • ADC accuses INEC of blocking party ahead of 2027 elections
    • Burkina Faso troops killed more civilians than jihadists — Report
    • Trump vows strikes on Iran power plants in profanity-laced warning
    • Trump says US tried to arm Iran protesters but lost weapons
    • Police rescue seven kidnap victims of Kaduna church attacks
    • Netanyahu offers protection to Nigerian Christians
    • Troops kill two terrorists, arrest bandit in Plateau
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Tuesday, April 7
    • 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

    Plateau State residents were thrown into mourning and shock on Tuesday following the discovery of a woman’s corpse in a river in the Bukuru Lowcost community in the Jos South Local Government Area of the state.

    Man stabbed to death over N25,000 debt in Ogun beer parlour

    ADC accuses INEC of blocking party ahead of 2027 elections

    ADC accuses INEC of blocking party ahead of 2027 elections

    Burkina Faso troops killed more civilians than jihadists — report

    Burkina Faso troops killed more civilians than jihadists — Report

    Donald Trump warns Iran to reopen Strait of Hormuz amid rising global oil tensions

    Trump vows strikes on Iran power plants in profanity-laced warning

    Trump to Iran: Open Strait of Hormuz in 48 hours or face ‘hell’

    Trump says US tried to arm Iran protesters but lost weapons

    Police IG vows justice for victims of Plateau massacre

    Police rescue seven kidnap victims of Kaduna church attacks

    Subscribe to News

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

    Plateau State residents were thrown into mourning and shock on Tuesday following the discovery of a woman’s corpse in a river in the Bukuru Lowcost community in the Jos South Local Government Area of the state.

    Man stabbed to death over N25,000 debt in Ogun beer parlour

    April 6, 2026
    ADC accuses INEC of blocking party ahead of 2027 elections

    ADC accuses INEC of blocking party ahead of 2027 elections

    April 6, 2026
    Burkina Faso troops killed more civilians than jihadists — report

    Burkina Faso troops killed more civilians than jihadists — Report

    April 6, 2026
    Donald Trump warns Iran to reopen Strait of Hormuz amid rising global oil tensions

    Trump vows strikes on Iran power plants in profanity-laced warning

    April 6, 2026
    Trump to Iran: Open Strait of Hormuz in 48 hours or face ‘hell’

    Trump says US tried to arm Iran protesters but lost weapons

    April 6, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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