Close Menu
Chronicle NG
    Trending Stories
    Bukola Saraki and Abdulfatah Ahmed linked to Offa robbery charges in Kwara court

    Kwara files criminal charges against Saraki, Abdulfatah Ahmed over Offa robbery

    April 18, 2026
    Bukola Saraki addressing allegations linking him to the Offa robbery case in Kwara State

    Saraki slams Abdulrazaq, blames Buhari govt for Offa robbery

    April 17, 2026
    World Cup fans will have to pay $150 for the 36-mile (58-kilometer) round-trip rail ride between New York and Meadowlands Stadium, which will host eight events, including the final, local officials announced Friday.

    World Cup fans to pay $150 for New York stadium train ticket

    April 17, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Kwara files criminal charges against Saraki, Abdulfatah Ahmed over Offa robbery
    • Saraki slams Abdulrazaq, blames Buhari govt for Offa robbery
    • World Cup fans to pay $150 for New York stadium train ticket
    • Dangote refinery IPO targets investors with dollar dividends
    • Guardiola says Arsenal defeat would end Man City title hopes
    • Obi condemns abduction of UTME candidates in Benue
    • Indonesia helicopter crash kills eight
    • JAMB to release Thursday’s UTME 2026 results today amid candidates abduction
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Saturday, April 18
    • 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

    Bukola Saraki and Abdulfatah Ahmed linked to Offa robbery charges in Kwara court

    Kwara files criminal charges against Saraki, Abdulfatah Ahmed over Offa robbery

    Bukola Saraki addressing allegations linking him to the Offa robbery case in Kwara State

    Saraki slams Abdulrazaq, blames Buhari govt for Offa robbery

    Dangote refinery IPO targets investors with dollar dividends

    Dangote refinery IPO targets investors with dollar dividends

    Obi to Nigerians: Join ADC to defend democracy, reject one-party rule

    Obi condemns abduction of UTME candidates in Benue

    Wreckage of crashed helicopter in dense forest in West Kalimantan Indonesia

    Indonesia helicopter crash kills eight

    JAMB releases 2025 UTME resit results and warns on exam malpractice

    JAMB to release Thursday’s UTME 2026 results today amid candidates abduction

    Subscribe to News

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

    Bukola Saraki and Abdulfatah Ahmed linked to Offa robbery charges in Kwara court

    Kwara files criminal charges against Saraki, Abdulfatah Ahmed over Offa robbery

    April 18, 2026
    Bukola Saraki addressing allegations linking him to the Offa robbery case in Kwara State

    Saraki slams Abdulrazaq, blames Buhari govt for Offa robbery

    April 17, 2026
    World Cup fans will have to pay $150 for the 36-mile (58-kilometer) round-trip rail ride between New York and Meadowlands Stadium, which will host eight events, including the final, local officials announced Friday.

    World Cup fans to pay $150 for New York stadium train ticket

    April 17, 2026
    Dangote refinery IPO targets investors with dollar dividends

    Dangote refinery IPO targets investors with dollar dividends

    April 17, 2026
    Recuperating Guardiola leads Man City sunday clash against Sheffield

    Guardiola says Arsenal defeat would end Man City title hopes

    April 17, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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