Unbelievable! $20million Cash Found Stashed Inside a Bed During Pyramid Scheme Investigation (Photo)

Posted by Odinaka on Tue 24th Jan, 2017 - tori.ng

20 million U.S dollars raw cash was found stuffed under a mattress in Massachusetts during investigation into an internet telecom company

Police discovered approximately $20million in cash stashed in a mattress

During an investigation into an internet telecom company that was actually a massive international pyramid scheme, about $20million in cash was found hidden inside a box spring in a Massachusetts apartment.

According to Dailymail, the cash was found on Wednesday last week inside a Westborough apartment by investigators who had tailed a Brazilian man from New York.

28-year-old Cleber Rene Rizerio Rocha, was charged with conspiring to commit money laundering as he could spend up to 20 years in prison and be fined twice the gross gain or loss.

The cash seizure was made in connection with an investigation into TelexFree, a Marlborough, Massachusetts-based company that purportedly sold VOIP telephone service.

TelexFree had few customers and made most of its revenue from people buying into the company with a promise of payouts for posting online ads for it. They were paid with money from new recruits, often friends and family of earlier investors.

Although initially aimed at Brazilian immigrants to Massachusetts, authorities allege almost one million people worldwide were swindled out of nearly $1.8 billion.

Rocha was part of a scheme to transfer millions of dollars of hidden TelexFree assets to Brazil by laundering the cash through Hong Kong, prosecutors said.

According to court documents, Rocha, acting as a courier, flew from Brazil to New York City a few days ago. Rocha then met with a cooperating witness at a restaurant in Hudson, Massachusetts, and gave him a suitcase containing $2.2million.

After the meeting, agents followed Rocha to the Westborough apartment and later arrested him.