Close Menu
Chronicle NG
    Trending Stories
    Manchester City manager Pep Guardiola said Friday that the “real season starts now” as City seeks to hunt down Arsenal at the top of the Premier League.

    Man City top EPL as Burnley drown to relegation after 1-0 defeat

    April 22, 2026
    Tinubu sacks Wale Edun, Dangiwa as ministers

    Edun reflects on achievements after ministerial dismissal

    April 22, 2026
    DSS officer accused of abducting, defiling minor

    Coup plotters remanded in DSS custody

    April 22, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Man City top EPL as Burnley drown to relegation after 1-0 defeat
    • Edun reflects on achievements after ministerial dismissal
    • Coup plotters remanded in DSS custody
    • Adelabu resigns as power minister
    • CBN warns Nigerians over cyber hack attempts on bank accounts
    • REVEALED: Why Edun lost his job as Tinubu reshapes economic team
    • Plateau slams terrorism charges on five over Jos killings
    • Chelsea appoint Calum McFarlane head coach after Rosenior sack
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Wednesday, April 22
    • 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

    Tinubu sacks Wale Edun, Dangiwa as ministers

    Edun reflects on achievements after ministerial dismissal

    DSS officer accused of abducting, defiling minor

    Coup plotters remanded in DSS custody

    Adelabu

    Adelabu resigns as power minister

    CBN warning notice about cyber hack attempts targeting Nigerians’ bank accounts and urging caution over fake emails and links.

    CBN warns Nigerians over cyber hack attempts on bank accounts

    Tinubu sacks Wale Edun, Dangiwa as ministers

    REVEALED: Why Edun lost his job as Tinubu reshapes economic team

    Governor Caleb Mutfwang speaking during President Tinubu’s visit to Plateau after Jos attack

    Plateau slams terrorism charges on five over Jos killings

    Subscribe to News

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

    Manchester City manager Pep Guardiola said Friday that the “real season starts now” as City seeks to hunt down Arsenal at the top of the Premier League.

    Man City top EPL as Burnley drown to relegation after 1-0 defeat

    April 22, 2026
    Tinubu sacks Wale Edun, Dangiwa as ministers

    Edun reflects on achievements after ministerial dismissal

    April 22, 2026
    DSS officer accused of abducting, defiling minor

    Coup plotters remanded in DSS custody

    April 22, 2026
    Adelabu

    Adelabu resigns as power minister

    April 22, 2026
    CBN warning notice about cyber hack attempts targeting Nigerians’ bank accounts and urging caution over fake emails and links.

    CBN warns Nigerians over cyber hack attempts on bank accounts

    April 22, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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