Close Menu
Chronicle NG
    Trending Stories
    US President Donald Trump confirmed on Thursday that US forces conducted deadly strikes against Islamic State terrorists in Northwestern Nigeria and vowed more attacks if the militants keep killing Christians.

    Trump orders US navy to block Strait of Hormuz

    April 12, 2026
    Arsenal fan protest over poor performance and legal threat against club management and players

    Fan sues Arsenal for emotional distress, professional negligence

    April 12, 2026
    ADC accuses INEC of blocking party ahead of 2027 elections

    ADC faction in Kebbi rejects Malami-backed congress

    April 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Trump orders US navy to block Strait of Hormuz
    • Fan sues Arsenal for emotional distress, professional negligence
    • ADC faction in Kebbi rejects Malami-backed congress
    • NAF airstrike kills 10, injures many civilians in Borno-Yobe market
    • Phyno launches ‘Okpu by Alobam’ condom brand
    • SERAP asks Tinubu to probe N2.9bn missing funds in NIGCOMSAT, NNRA
    • Terrorists kill 21 in fresh Zamfara village massacre
    • PTD warns tanker drivers against night travel over insecurity
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, April 12
    • 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

    US President Donald Trump confirmed on Thursday that US forces conducted deadly strikes against Islamic State terrorists in Northwestern Nigeria and vowed more attacks if the militants keep killing Christians.

    Trump orders US navy to block Strait of Hormuz

    Arsenal fan protest over poor performance and legal threat against club management and players

    Fan sues Arsenal for emotional distress, professional negligence

    ADC accuses INEC of blocking party ahead of 2027 elections

    ADC faction in Kebbi rejects Malami-backed congress

    NAF compensates 13 Sokoto airstrike victims

    NAF airstrike kills 10, injures many civilians in Borno-Yobe market

    SERAP asks Tinubu to probe N2.9bn missing funds in NIGCOMSAT, NNRA

    SERAP asks Tinubu to probe N2.9bn missing funds in NIGCOMSAT, NNRA

    Residents gather after deadly terrorists attack in Zamfara village with homes deserted and signs of destruction

    Terrorists kill 21 in fresh Zamfara village massacre

    Subscribe to News

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

    US President Donald Trump confirmed on Thursday that US forces conducted deadly strikes against Islamic State terrorists in Northwestern Nigeria and vowed more attacks if the militants keep killing Christians.

    Trump orders US navy to block Strait of Hormuz

    April 12, 2026
    Arsenal fan protest over poor performance and legal threat against club management and players

    Fan sues Arsenal for emotional distress, professional negligence

    April 12, 2026
    ADC accuses INEC of blocking party ahead of 2027 elections

    ADC faction in Kebbi rejects Malami-backed congress

    April 12, 2026
    NAF compensates 13 Sokoto airstrike victims

    NAF airstrike kills 10, injures many civilians in Borno-Yobe market

    April 12, 2026
    Phyno promoting Okpu by Alobam condom brand on Instagram

    Phyno launches ‘Okpu by Alobam’ condom brand

    April 12, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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