Pyramid scheme conman didn’t trust banks — $20 million hidden in his mattress

telexfree-mattress

❝ US authorities have seized $20m 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.

❝ 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…ruled that Mr Rocha was a flight risk and held him without bail…

Crooks always think everyone else is a crook, too. 🙂

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