Law Enforcement Found A Mattress Stuffed With $20 Million


One company’s lucrative pyramid scheme has come tumbling down. According to ABC News, Massachusetts law enforcement discovered a box spring lined with stacks of bills totaling $20 million. The money is believed to be the property of TelexFree, a purported “Internet phone services” business.

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The investigation discovered that TelexFree landed in the center of a $1 billion pyramid scheme that accumulated wealth from 2012 to March 2014. They mandated unsuspecting customers to invest a fixed amount of money into the company in which they would be compensated — per the Department of Justice — “under a complex compensation structure, on a weekly basis so long as they posted ads to TelexFree’s VOIP service on the Internet.”

Authorities pulled the base out of the pyramid scheme once they raided one suspect, Cleber Rene Rizerio Rocha’s apartment this month. The 28-year-old is facing “one count of conspiring to commit money laundering.”

In an analysis of the company’s revenue, TelexFree garnered $1.02 billion four years ago, which mainly came from the pockets of customers.