Images have emerged showing that the U.S. Attorney's Office discovered twenty million dollars in cash hidden in a mattress in an apartment in Massachusetts. According to CBS News, this money is believed to be related to a pyramid scheme company called TelexFree. This company, which was based in the same state, claimed to provide internet telephone services to customers and operated from 2012 to 2014. A statement released by the U.S. Department of Justice indicated that the company used thousands of 'promoters' to advertise its internet telephone service. These individuals were required to publish a certain amount of advertisements for the company on various social media platforms each week in exchange for payment, but they initially had to pay money to TelexFree. The cash found was hidden in the apartment of a 28-year-old named Kolber Rocha, who has been arrested for money laundering. TelexFree had claimed in 2013 that it made over one billion dollars in profits from its product sales, although judicial authorities believe that nearly all of this money came from amounts paid by people to promote its products.
Twenty Million Dollars of Pyramid Scheme Money Found Inside a Mattress
The U.S. Attorney's Office found $20 million in cash linked to the pyramid scheme TelexFree, hidden in a mattress in Massachusetts. Kolber Rocha, the individual in whose apartment the money was found, has been arrested for money laundering. This case highlights the fraudulent practices of pyramid schemes and their impact on victims.
👥 Key Players
⚡ Actions
📰 What Happened
U.S. authorities seized $20 million linked to TelexFree pyramid scheme from Kolber Rocha's apartment.
- U.S. Attorney's Office seize $20 million cash
- U.S. authorities arrest Kolber Rocha
💡 Why It Matters
📚 Background
The seizure of $20 million indicates significant financial misconduct linked to a fraudulent scheme.
📝 Key Evidence
🏷️ Entities Mentioned
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