Close Menu
Chronicle NG
    Trending Stories
    Iran confirms squad for 2026 World Cup

    Iran accuses US of revoking World Cup ticket allocation for fans

    June 9, 2026
    Bandits abduct 39 residents on reconciliation mission in Zamfara

    Bandits abduct 39 residents on reconciliation mission in Zamfara

    June 9, 2026
    Police IG Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    Police arrest eight foreign nationals over staged abduction, ransom fraud

    June 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Iran accuses US of revoking World Cup ticket allocation for fans
    • Bandits abduct 39 residents on reconciliation mission in Zamfara
    • Police arrest eight foreign nationals over staged abduction, ransom fraud
    • Herdsmen behead man in Benue attack
    • Kidnappers abduct resident, shoot another in Abuja
    • Nigeria to sanction South Africa over xenophobic attacks
    • Oyo Abduction: Kidnapped victims deny bandits’ sharia demand
    • Galatasaray ask Osimhen to lure Super Eagles teammate Lookman
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Tuesday, June 9
    • 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

    Iran confirms squad for 2026 World Cup

    Iran accuses US of revoking World Cup ticket allocation for fans

    Bandits abduct 39 residents on reconciliation mission in Zamfara

    Bandits abduct 39 residents on reconciliation mission in Zamfara

    Police IG Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    Police arrest eight foreign nationals over staged abduction, ransom fraud

    Herdsmen behead man in Benue attack

    Herdsmen behead man in Benue attack

    Kidnappers demand release of terrorists for abducted ex-Army spokesman

    Kidnappers abduct resident, shoot another in Abuja

    Nigeria to sanction South Africa over xenophobic attacks

    Nigeria to sanction South Africa over xenophobic attacks

    Subscribe to News

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

    Iran confirms squad for 2026 World Cup

    Iran accuses US of revoking World Cup ticket allocation for fans

    June 9, 2026
    Bandits abduct 39 residents on reconciliation mission in Zamfara

    Bandits abduct 39 residents on reconciliation mission in Zamfara

    June 9, 2026
    Police IG Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    Police arrest eight foreign nationals over staged abduction, ransom fraud

    June 9, 2026
    Herdsmen behead man in Benue attack

    Herdsmen behead man in Benue attack

    June 9, 2026
    Kidnappers demand release of terrorists for abducted ex-Army spokesman

    Kidnappers abduct resident, shoot another in Abuja

    June 9, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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