Close Menu
Chronicle NG
    Trending Stories
    Fela Kuti and Sade Adu honoured at Rock and Roll Hall of Fame 2026 induction announcement

    Fela Kuti, Sade Adu Inducted into Rock & Roll Hall of Fame

    April 14, 2026
    FG to treat bandit supporters as terrorists — Musa

    FG to treat bandit supporters as terrorists — Musa

    April 14, 2026
    Nigerian police arrest suspects linked to Kwara church attack and terrorism operations

    Police arrests 33 over Kwara Church attack, terror links

    April 14, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Fela Kuti, Sade Adu Inducted into Rock & Roll Hall of Fame
    • FG to treat bandit supporters as terrorists — Musa
    • Police arrests 33 over Kwara Church attack, terror links
    • Aregbesola labels Tinubu’s Renewed Hope Agenda a ‘scam’
    • Why Premier League title races create the biggest swings in football betting markets
    • NANS threatens protest, gives FG 48-hour ultimatum over UNIJOS student abduction
    • Court grants El-Rufai bail, adjourns to April 21
    • JAMB: Police deny threats to UTME centres, deploy team nationwide
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Tuesday, April 14
    • 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

    FG to treat bandit supporters as terrorists — Musa

    FG to treat bandit supporters as terrorists — Musa

    Nigerian police arrest suspects linked to Kwara church attack and terrorism operations

    Police arrests 33 over Kwara Church attack, terror links

    Aregbesola labels Tinubu’s Renewed Hope Agenda a ‘scam’

    Aregbesola labels Tinubu’s Renewed Hope Agenda a ‘scam’

    NANS threatens protest, gives FG 48-hour ultimatum over UNIJOS student abduction

    NANS threatens protest, gives FG 48-hour ultimatum over UNIJOS student abduction

    El-Rufai apologizes to Shettima over 'spineless' remark

    Court grants El-Rufai bail, adjourns to April 21

    Police kill two bandits, foil attack on Oyo community

    JAMB: Police deny threats to UTME centres, deploy team nationwide

    Subscribe to News

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

    Fela Kuti and Sade Adu honoured at Rock and Roll Hall of Fame 2026 induction announcement

    Fela Kuti, Sade Adu Inducted into Rock & Roll Hall of Fame

    April 14, 2026
    FG to treat bandit supporters as terrorists — Musa

    FG to treat bandit supporters as terrorists — Musa

    April 14, 2026
    Nigerian police arrest suspects linked to Kwara church attack and terrorism operations

    Police arrests 33 over Kwara Church attack, terror links

    April 14, 2026
    Aregbesola labels Tinubu’s Renewed Hope Agenda a ‘scam’

    Aregbesola labels Tinubu’s Renewed Hope Agenda a ‘scam’

    April 14, 2026
    Premier League trophy

    Why Premier League title races create the biggest swings in football betting markets

    April 14, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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