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    Money Laundering: $20m cash concealed in mattress

    Chronicle EditorBy Chronicle EditorJanuary 25, 2017No Comments2 Mins Read
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    The $20m cash concealed in a mattress
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    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.

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    The ruling All Progressives Congress (APC) has described as fake a report circulating in the media on the purported prices of expression of interest and nomination forms for the 2027 general elections.

    APC denies fake 2027 nomination price list

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    El-Rufai released by ICPC on compassionate grounds – Sources

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    The ruling All Progressives Congress (APC) has described as fake a report circulating in the media on the purported prices of expression of interest and nomination forms for the 2027 general elections.

    APC denies fake 2027 nomination price list

    March 28, 2026
    El-Rufai released by ICPC on compassionate grounds – Sources

    El-Rufai released by ICPC on compassionate grounds – Sources

    March 28, 2026
    Fire destroys vaccines, equipment in Ebonyi health facility

    Fire destroys vaccines, equipment in Ebonyi health facility

    March 28, 2026
    Peter Obi has expressed condolences to former Kaduna State governor Mallam Nasir El-Rufai on the death of his mother, Hajiya Umma El-Rufai.

    Obi sympathizes with El-Rufai over mother’s death

    March 28, 2026
    Mutfwang congratulates Yilwatda on his return as APC chairman

    Mutfwang congratulates Yilwatda on his return as APC chairman

    March 28, 2026
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