Close Menu
Chronicle NG
    Trending Stories
    APC releases 2027 election timetable and nomination fees for presidential, governorship, and legislative aspirants

    APC releases timetable for 2027 elections, pegs presidential form at N100m

    April 20, 2026
    Armed herders kill nine in fresh Benue attack

    Herders kill five in fresh Benue attack

    April 20, 2026
    Prof. Yemi Osinbajo speaking at NIPSS lecture on national unity in Jos

    Osinbajo urges unity to end ethnic, religious prejudice in Nigeria 

    April 20, 2026
    Facebook X (Twitter) Instagram
    Trending
    • APC releases timetable for 2027 elections, pegs presidential form at N100m
    • Herders kill five in fresh Benue attack
    • Osinbajo urges unity to end ethnic, religious prejudice in Nigeria 
    • Gunmen kill bus driver, kidnap passengers in Edo
    • IPOB proscription political, targets Igbos not security — Ejimakor
    • Lukaku, Napoli resolve training dispute after talks
    • Nigeria cyberattacks surge as hackers target CAC, banks, election data at risk
    • ADC youths protest at INEC office, demand Amupitan’s resignation
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Tuesday, April 21
    • 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

    APC releases 2027 election timetable and nomination fees for presidential, governorship, and legislative aspirants

    APC releases timetable for 2027 elections, pegs presidential form at N100m

    Armed herders kill nine in fresh Benue attack

    Herders kill five in fresh Benue attack

    Prof. Yemi Osinbajo speaking at NIPSS lecture on national unity in Jos

    Osinbajo urges unity to end ethnic, religious prejudice in Nigeria 

    Gunmen kill bus driver, kidnap passengers in Edo

    Gunmen kill bus driver, kidnap passengers in Edo

    Aloy Ejimakor speaks on IPOB proscription and human rights concerns

    IPOB proscription political, targets Igbos not security — Ejimakor

    Nigeria ransomware attacks expose CAC data breach and cybersecurity risks

    Nigeria cyberattacks surge as hackers target CAC, banks, election data at risk

    Subscribe to News

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

    APC releases 2027 election timetable and nomination fees for presidential, governorship, and legislative aspirants

    APC releases timetable for 2027 elections, pegs presidential form at N100m

    April 20, 2026
    Armed herders kill nine in fresh Benue attack

    Herders kill five in fresh Benue attack

    April 20, 2026
    Prof. Yemi Osinbajo speaking at NIPSS lecture on national unity in Jos

    Osinbajo urges unity to end ethnic, religious prejudice in Nigeria 

    April 20, 2026
    Gunmen kill bus driver, kidnap passengers in Edo

    Gunmen kill bus driver, kidnap passengers in Edo

    April 20, 2026
    Aloy Ejimakor speaks on IPOB proscription and human rights concerns

    IPOB proscription political, targets Igbos not security — Ejimakor

    April 20, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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