Close Menu
Chronicle NG
    Trending Stories
    No fewer than eight vigilante were killed in last Sunday’s ambush by bandits in the Kanam Local Government Area of Plateau State.

    Vigilantes rescue 13 kidnapped Calabar victims in Kogi

    May 12, 2026
    SERAP files appeal against ₦100 million defamation judgment awarded to DSS officials at FCT High Court Abuja

    SERAP challenges N100m defamation verdict in appeal court

    May 12, 2026
    Residents of the Onitsha community in Anambra State have shown support for Peter Obi's presidential bid in the 2027 general elections.

    2027: Onitsha residents back Peter Obi’s election bid

    May 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Vigilantes rescue 13 kidnapped Calabar victims in Kogi
    • SERAP challenges N100m defamation verdict in appeal court
    • 2027: Onitsha residents back Peter Obi’s election bid
    • 2027: Wike, Fubara’s rivalry heats Rivers polity
    • Nigeria Airways pensioners protest omission of N36bn from 2026 budget
    • APC disqualifies 32 Fubara-backed assembly aspirants, clears Wike loyalists
    • 2027: Kwankwaso explains why north chose Peter Obi
    • Police probe deadly shooting as UNIBEN disowns slain student
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Tuesday, May 12
    • 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

    No fewer than eight vigilante were killed in last Sunday’s ambush by bandits in the Kanam Local Government Area of Plateau State.

    Vigilantes rescue 13 kidnapped Calabar victims in Kogi

    SERAP files appeal against ₦100 million defamation judgment awarded to DSS officials at FCT High Court Abuja

    SERAP challenges N100m defamation verdict in appeal court

    Residents of the Onitsha community in Anambra State have shown support for Peter Obi's presidential bid in the 2027 general elections.

    2027: Onitsha residents back Peter Obi’s election bid

    APC to resolve Fubara, Wike crisis

    2027: Wike, Fubara’s rivalry heats Rivers polity

    Nigeria Airways pensioners protest omission of N36bn from 2026 budget

    Nigeria Airways pensioners protest omission of N36bn from 2026 budget

    APC to resolve Fubara, Wike crisis

    APC disqualifies 32 Fubara-backed assembly aspirants, clears Wike loyalists

    Subscribe to News

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

    No fewer than eight vigilante were killed in last Sunday’s ambush by bandits in the Kanam Local Government Area of Plateau State.

    Vigilantes rescue 13 kidnapped Calabar victims in Kogi

    May 12, 2026
    SERAP files appeal against ₦100 million defamation judgment awarded to DSS officials at FCT High Court Abuja

    SERAP challenges N100m defamation verdict in appeal court

    May 12, 2026
    Residents of the Onitsha community in Anambra State have shown support for Peter Obi's presidential bid in the 2027 general elections.

    2027: Onitsha residents back Peter Obi’s election bid

    May 12, 2026
    APC to resolve Fubara, Wike crisis

    2027: Wike, Fubara’s rivalry heats Rivers polity

    May 12, 2026
    Nigeria Airways pensioners protest omission of N36bn from 2026 budget

    Nigeria Airways pensioners protest omission of N36bn from 2026 budget

    May 12, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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