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    Money Laundering: $20m cash concealed in mattress

    Chronicle EditorBy Chronicle EditorJanuary 25, 2017No Comments2 Mins Read
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    The $20m cash concealed in a mattress
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    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.

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    The Catholic Diocese of Kontagora has raised new concerns about growing violence by terrorists in Kebbi State, stating that 24 people were slain in a brutal Easter Sunday attack

    Terrorists kill 24, raze churches, mosque in Kebbi

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    The Catholic Diocese of Kontagora has raised new concerns about growing violence by terrorists in Kebbi State, stating that 24 people were slain in a brutal Easter Sunday attack

    Terrorists kill 24, raze churches, mosque in Kebbi

    April 10, 2026
    Tension gripped Kwara State residents following the release of another video showing abducted villagers from Woro and neighboring communities in Kaiama Local Government Area, with victims pleading for government action.

    Kidnapped Kwara victims beg for release in new video

    April 10, 2026
    Poverty

    Nigeria poverty rate hits 63% despite drop in inflation – World Bank

    April 10, 2026
    NANS demands panel over UNIJOS student’s murder in Jos

    UNIJOS lecturers call off strike

    April 10, 2026
    Nafiu Gombe-led ADC faction protests at INEC HQ, demands recognition

    Nafiu Gombe-led ADC faction protests at INEC HQ, demands recognition

    April 10, 2026
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