Close Menu
Chronicle NG
    Trending Stories
    FG withdraws criminal charge against Natasha Akpoti

    Natasha rejects court order to pay Yahaya Bello N1bn for defamation

    April 24, 2026
    The African Democratic Congress (ADC) reveals it is considering adopting a consensus approach in selecting its presidential candidate for the 2027 general election.

    ADC chieftain urges Atiku, Obi camps to end media bickering

    April 24, 2026
    Ondo NLC writes Aiyedatiwa, demands N256,950 minimum wage

    Aiyedatiwa says APC tickets will be based on merit, loyalty

    April 24, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Natasha rejects court order to pay Yahaya Bello N1bn for defamation
    • ADC chieftain urges Atiku, Obi camps to end media bickering
    • Aiyedatiwa says APC tickets will be based on merit, loyalty
    • Summit factory opens in Ogun, targets hygiene market expansion
    • Gunmen kill Benue traditional ruler, wife, son in fresh attack
    • Laffmattazz announces partnership with First Bank for 2026 international tour
    • Netanyahu reveals secret prostate cancer battle
    • Sanusi condemns FG’s borrowing despite subsidy removal
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Saturday, April 25
    • 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

    FG withdraws criminal charge against Natasha Akpoti

    Natasha rejects court order to pay Yahaya Bello N1bn for defamation

    The African Democratic Congress (ADC) reveals it is considering adopting a consensus approach in selecting its presidential candidate for the 2027 general election.

    ADC chieftain urges Atiku, Obi camps to end media bickering

    Ondo NLC writes Aiyedatiwa, demands N256,950 minimum wage

    Aiyedatiwa says APC tickets will be based on merit, loyalty

    Summit Household Solutions manufacturing facility in Ota Ogun producing home and personal care products

    Summit factory opens in Ogun, targets hygiene market expansion

    Gunmen shoot dead Ebonyi monarch inside palace

    Gunmen kill Benue traditional ruler, wife, son in fresh attack

    Laffmattazz

    Laffmattazz announces partnership with First Bank for 2026 international tour

    Subscribe to News

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

    FG withdraws criminal charge against Natasha Akpoti

    Natasha rejects court order to pay Yahaya Bello N1bn for defamation

    April 24, 2026
    The African Democratic Congress (ADC) reveals it is considering adopting a consensus approach in selecting its presidential candidate for the 2027 general election.

    ADC chieftain urges Atiku, Obi camps to end media bickering

    April 24, 2026
    Ondo NLC writes Aiyedatiwa, demands N256,950 minimum wage

    Aiyedatiwa says APC tickets will be based on merit, loyalty

    April 24, 2026
    Summit Household Solutions manufacturing facility in Ota Ogun producing home and personal care products

    Summit factory opens in Ogun, targets hygiene market expansion

    April 24, 2026
    Gunmen shoot dead Ebonyi monarch inside palace

    Gunmen kill Benue traditional ruler, wife, son in fresh attack

    April 24, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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