Close Menu
Chronicle NG
    Trending Stories
    Matheus Cunha scored his first hat-trick as Wolves thrash Chelsea at Stamford Bridge

    Man United boost UCL hopes as Cunha sinks Chelsea

    April 18, 2026
    Richarlison scored a late equalizer to give Tottenham Hotspur a deserved draw at Liverpool as under-pressure interim coach Igor Tudor secured his first point.

    Tottenham compound relegation fears after 2-2 Brighton draw

    April 18, 2026
    Bride, 12 others kidnapped by bandits in Sokoto

    Bandits kidnap Oba Aweda, wife, one other in Kwara

    April 18, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Man United boost UCL hopes as Cunha sinks Chelsea
    • Tottenham compound relegation fears after 2-2 Brighton draw
    • Bandits kidnap Oba Aweda, wife, one other in Kwara
    • Bauchi gov cancels defection move to APC
    • FCCPC denies banning airtime borrowing, clarifies DEON rules
    • Imo to honour AFCON hero Henry Nwosu with state burial May 16
    • Iran closes Hormuz Strait again with ships mid-transit
    • Momodu says Atiku not too old to contest for president
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, April 19
    • 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

    Bride, 12 others kidnapped by bandits in Sokoto

    Bandits kidnap Oba Aweda, wife, one other in Kwara

    Bauchi APC rejects move to admit Bala Mohammed

    Bauchi gov cancels defection move to APC

    FCCPC vs MultiChoice legal battle over DStv price hike

    FCCPC denies banning airtime borrowing, clarifies DEON rules

    Imo to honour AFCON hero Henry Nwosu with state burial May 16

    Imo to honour AFCON hero Henry Nwosu with state burial May 16

    Cargo ships transit through the Strait of Hormuz as Iran declares safe passage during Israel-Lebanon ceasefire

    Iran closes Hormuz Strait again with ships mid-transit

    'Rivers not your inheritance', Dele Momodu blasts Wike

    Momodu says Atiku not too old to contest for president

    Subscribe to News

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

    Matheus Cunha scored his first hat-trick as Wolves thrash Chelsea at Stamford Bridge

    Man United boost UCL hopes as Cunha sinks Chelsea

    April 18, 2026
    Richarlison scored a late equalizer to give Tottenham Hotspur a deserved draw at Liverpool as under-pressure interim coach Igor Tudor secured his first point.

    Tottenham compound relegation fears after 2-2 Brighton draw

    April 18, 2026
    Bride, 12 others kidnapped by bandits in Sokoto

    Bandits kidnap Oba Aweda, wife, one other in Kwara

    April 18, 2026
    Bauchi APC rejects move to admit Bala Mohammed

    Bauchi gov cancels defection move to APC

    April 18, 2026
    FCCPC vs MultiChoice legal battle over DStv price hike

    FCCPC denies banning airtime borrowing, clarifies DEON rules

    April 18, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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