Close Menu
Chronicle NG
    Trending Stories
    La Liga criticized Sevilla fans' threats and intimidation of their own players and directors on Monday, following their third consecutive league defeat.

    La Liga condemns threats by Sevilla fans

    April 6, 2026
    Nigerian Army troops rescue abducted worshippers after Kaduna Easter attack

    Army rescues 31 after terrorists raid Kaduna Easter service

    April 6, 2026
    Nigeria needs credible opposition party but not ADC, says APC

    Kaduna ADC insists congresses will hold despite INEC dispute

    April 6, 2026
    Facebook X (Twitter) Instagram
    Trending
    • La Liga condemns threats by Sevilla fans
    • Army rescues 31 after terrorists raid Kaduna Easter service
    • Kaduna ADC insists congresses will hold despite INEC dispute
    • Kemi Badenoch ranked most popular party leader in UK
    • ADC denies leadership change involving David Mark, Ralph Nwosu
    • Funke Akindele reveals love for BBL
    • Police arrest four after mob kills trader in Katsina
    • CNG bus explodes at Kaduna motor park
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, April 6
    • 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

    Nigerian Army troops rescue abducted worshippers after Kaduna Easter attack

    Army rescues 31 after terrorists raid Kaduna Easter service

    Nigeria needs credible opposition party but not ADC, says APC

    Kaduna ADC insists congresses will hold despite INEC dispute

    Kemi Badenoch says, I don’t identify with Nigeria anymore

    Kemi Badenoch ranked most popular party leader in UK

    ADC) has denied claims that Senator David Mark resigned as the party's national chairman to allow previous chairman Ralph Nwosu to take over leadership

    ADC denies leadership change involving David Mark, Ralph Nwosu

    Funke Akindele: How I went from ‘waka pass’ roles to my first N1m

    Funke Akindele reveals love for BBL

    Police arrest four after mob kills trader in Katsina

    Police arrest four after mob kills trader in Katsina

    Subscribe to News

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

    La Liga criticized Sevilla fans' threats and intimidation of their own players and directors on Monday, following their third consecutive league defeat.

    La Liga condemns threats by Sevilla fans

    April 6, 2026
    Nigerian Army troops rescue abducted worshippers after Kaduna Easter attack

    Army rescues 31 after terrorists raid Kaduna Easter service

    April 6, 2026
    Nigeria needs credible opposition party but not ADC, says APC

    Kaduna ADC insists congresses will hold despite INEC dispute

    April 6, 2026
    Kemi Badenoch says, I don’t identify with Nigeria anymore

    Kemi Badenoch ranked most popular party leader in UK

    April 6, 2026
    ADC) has denied claims that Senator David Mark resigned as the party's national chairman to allow previous chairman Ralph Nwosu to take over leadership

    ADC denies leadership change involving David Mark, Ralph Nwosu

    April 6, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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