Close Menu
Chronicle NG
    Trending Stories
    President Bola Tinubu speaking during an international diplomatic engagement as Presidency defends his foreign trips against criticism from Peter Obi.

    Tinubu’s foreign trips driven by economic diplomacy, Presidency replies Obi

    May 16, 2026
    Manchester City FA Cup Final Winners 2026

    BREAKING: Man City beat Chelsea to win FA Cup for seventh time

    May 16, 2026
    Boko Haram terrorists abduct 42 students in Borno

    Boko Haram terrorists abduct 42 students in Borno

    May 16, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Tinubu’s foreign trips driven by economic diplomacy, Presidency replies Obi
    • BREAKING: Man City beat Chelsea to win FA Cup for seventh time
    • Boko Haram terrorists abduct 42 students in Borno
    • Isaac Fayose loses wife to cancer
    • Jonathan laments normalization of killings, kidnapping in Nigeria
    • ADC reschedules presidential, governorship screenings
    • Tinubu hails Nigeria-US operation that killed ISIS commander Abu-Bilal Al-Manuki
    • Obi criticises Tinubu UK trip over lack of economic gains
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Saturday, May 16
    • 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

    President Bola Tinubu speaking during an international diplomatic engagement as Presidency defends his foreign trips against criticism from Peter Obi.

    Tinubu’s foreign trips driven by economic diplomacy, Presidency replies Obi

    Boko Haram terrorists abduct 42 students in Borno

    Boko Haram terrorists abduct 42 students in Borno

    Isaac Fayose loses wife to cancer

    Isaac Fayose loses wife to cancer

    Court fines lawyer N1m in suit seeking to stop Jonathan 2027 bid

    Jonathan laments normalization of killings, kidnapping in Nigeria

    ADC spokesperson Bolaji Abdullahi addressing allegations of FAAC fund diversion for President Tinubu’s re-election campaign.

    ADC reschedules presidential, governorship screenings

    Tinubu praises Nigeria-US counterterrorism operation that killed ISIS commander Abu-Bilal Al-Manuki in Lake Chad.

    Tinubu hails Nigeria-US operation that killed ISIS commander Abu-Bilal Al-Manuki

    Subscribe to News

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

    President Bola Tinubu speaking during an international diplomatic engagement as Presidency defends his foreign trips against criticism from Peter Obi.

    Tinubu’s foreign trips driven by economic diplomacy, Presidency replies Obi

    May 16, 2026
    Manchester City FA Cup Final Winners 2026

    BREAKING: Man City beat Chelsea to win FA Cup for seventh time

    May 16, 2026
    Boko Haram terrorists abduct 42 students in Borno

    Boko Haram terrorists abduct 42 students in Borno

    May 16, 2026
    Isaac Fayose loses wife to cancer

    Isaac Fayose loses wife to cancer

    May 16, 2026
    Court fines lawyer N1m in suit seeking to stop Jonathan 2027 bid

    Jonathan laments normalization of killings, kidnapping in Nigeria

    May 16, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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