Close Menu
Chronicle NG
    Trending Stories
    Gunmen strike Benue again, kill two, abduct 14 passengers

    Gunmen kidnap 23 pupils in attack on Kogi orphanage

    April 27, 2026
    Police bust spirit fraud syndicate targeting Kano residents

    Police uncovers car theft syndicate in Rivers, arrest four suspects

    April 27, 2026
    Trump : You're on your own, US tells citizens in Israel amid Middle East tensions 

    Trump assures King Charles of safety during US visit

    April 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Gunmen kidnap 23 pupils in attack on Kogi orphanage
    • Police uncovers car theft syndicate in Rivers, arrest four suspects
    • Trump assures King Charles of safety during US visit
    • Galatasaray accuse ‘evil’ Turkey referees over bad officiating
    • Adeleke urges NANS ‘not compromise your future for financial inducements’
    • Troops rescue kidnapped victim, recovers N8m ransom in Plateau
    • Obasanjo says NNPC refineries will never work
    • Chelsea beat Leeds to set up FA Cup final  showdown with Man City
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, April 27
    • 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

    Gunmen strike Benue again, kill two, abduct 14 passengers

    Gunmen kidnap 23 pupils in attack on Kogi orphanage

    Police bust spirit fraud syndicate targeting Kano residents

    Police uncovers car theft syndicate in Rivers, arrest four suspects

    Trump : You're on your own, US tells citizens in Israel amid Middle East tensions 

    Trump assures King Charles of safety during US visit

    Osun 2026: Adeleke joins Accord Party after dumping PDP

    Adeleke urges NANS ‘not compromise your future for financial inducements’

    The Defense Headquarters confirmed that terrorists and military troops were killed when terrorists launched a concerted attack on the 29th Task Force Brigade Headquarters in Benisheikh, Borno State.

    Troops rescue kidnapped victim, recovers N8m ransom in Plateau

    Tinubu hails Obasanjo wisdom at 89

    Obasanjo says NNPC refineries will never work

    Subscribe to News

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

    Gunmen strike Benue again, kill two, abduct 14 passengers

    Gunmen kidnap 23 pupils in attack on Kogi orphanage

    April 27, 2026
    Police bust spirit fraud syndicate targeting Kano residents

    Police uncovers car theft syndicate in Rivers, arrest four suspects

    April 27, 2026
    Trump : You're on your own, US tells citizens in Israel amid Middle East tensions 

    Trump assures King Charles of safety during US visit

    April 27, 2026
    Fenerbahçe issue complaint against Osimhen mask

    Galatasaray accuse ‘evil’ Turkey referees over bad officiating

    April 27, 2026
    Osun 2026: Adeleke joins Accord Party after dumping PDP

    Adeleke urges NANS ‘not compromise your future for financial inducements’

    April 27, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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