Close Menu
Chronicle NG
    Trending Stories
    Senior Nigerian officials meeting at the State House in Abuja discussing proposed state police reforms and constitutional amendments amid insecurity concerns.

    State police proposal advances to constitutional amendment stage – Gbajabiamila

    June 5, 2026
    Afam Osigwe speaks on Sowore courtroom incident at Federal High Court Abuja

    NBA raises alarm over tough bail conditions keeping defendants in prison

    June 5, 2026
    Grace Ogunleye, Vice Chairman of Ilejemeje LGA in Ekiti State, appearing in court over allegations of conspiracy and self-kidnapping.

    Ekiti LG vice chairman Grace Ogunleye remanded over self-kidnapping

    June 5, 2026
    Facebook X (Twitter) Instagram
    Trending
    • State police proposal advances to constitutional amendment stage – Gbajabiamila
    • NBA raises alarm over tough bail conditions keeping defendants in prison
    • Ekiti LG vice chairman Grace Ogunleye remanded over self-kidnapping
    • Terrorists destroy houses, kidnap one in Ondo
    • Invite Igboho for questioning over Oyo abduction, Atiku’s camp urges DSS
    • SERAP urges Tinubu to probe alleged diversion of ₦145bn safe schools funds
    • Shakira, Burna Boy to perform World Cup song at opening ceremony
    • UN demands release of students, teachers abducted in Oyo, Borno
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Friday, June 5
    • 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

    Senior Nigerian officials meeting at the State House in Abuja discussing proposed state police reforms and constitutional amendments amid insecurity concerns.

    State police proposal advances to constitutional amendment stage – Gbajabiamila

    Afam Osigwe speaks on Sowore courtroom incident at Federal High Court Abuja

    NBA raises alarm over tough bail conditions keeping defendants in prison

    Grace Ogunleye, Vice Chairman of Ilejemeje LGA in Ekiti State, appearing in court over allegations of conspiracy and self-kidnapping.

    Ekiti LG vice chairman Grace Ogunleye remanded over self-kidnapping

    terrorists

    Terrorists destroy houses, kidnap one in Ondo

    Sunday Igboho backs Kemi Badenoch, tells Shettima to focus on Nigeria’s 

    Invite Igboho for questioning over Oyo abduction, Atiku’s camp urges DSS

    SERAP calls on the Federal Ministry of Finance to disclose the identities of contractors and beneficiaries linked to the $460 million Abuja CCTV Project.

    SERAP urges Tinubu to probe alleged diversion of ₦145bn safe schools funds

    Subscribe to News

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

    Senior Nigerian officials meeting at the State House in Abuja discussing proposed state police reforms and constitutional amendments amid insecurity concerns.

    State police proposal advances to constitutional amendment stage – Gbajabiamila

    June 5, 2026
    Afam Osigwe speaks on Sowore courtroom incident at Federal High Court Abuja

    NBA raises alarm over tough bail conditions keeping defendants in prison

    June 5, 2026
    Grace Ogunleye, Vice Chairman of Ilejemeje LGA in Ekiti State, appearing in court over allegations of conspiracy and self-kidnapping.

    Ekiti LG vice chairman Grace Ogunleye remanded over self-kidnapping

    June 5, 2026
    terrorists

    Terrorists destroy houses, kidnap one in Ondo

    June 5, 2026
    Sunday Igboho backs Kemi Badenoch, tells Shettima to focus on Nigeria’s 

    Invite Igboho for questioning over Oyo abduction, Atiku’s camp urges DSS

    June 5, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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