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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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    Nigerian Army troops during a counter-insurgency operation in Borno state after repelling an ISWAP attack in Chibok.

    Troops neutralize 50 terrorists, top ISWAP commander in Borno

    June 3, 2026
    Yusuf Datti Baba-Ahmed speaks during an interview, explaining why he agreed to run alongside Peter Obi in the 2023 presidential election and defending his political independence.

    I joined Obi out of sympathy, he doesn’t own my politics — Datti Baba-Ahmed

    June 3, 2026
    Terrorists

    Terrorists kill one, kidnap Sarkin Fulani’s wives in Kwara

    June 3, 2026
    The Christian Association of Nigeria (CAN) has declared a three-day national mourning period beginning June 12 over the worsening security situation in the country

    CAN declares national mourning, demands emergency over insecurity

    June 3, 2026
    Kingsley Chinda emerges Rivers APC governorship candidate

    Chinda: Rivers APC governorship candidate dumps PDP

    June 3, 2026
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