$1bn pyramid scheme investigation finds $20m under a mattress

Federal agents in the US have uncovered $20m hidden under a mattress.

$1bn pyramid scheme investigation finds $20m under a mattress

Federal agents in the US have uncovered $20m hidden under a mattress.

The cash was hidden inside a box-spring bed during a raid of a flat in Westborough in Massachusetts.

The 28-year-old Brazilian man living in the apartment has been arrested on suspicion of money laundering offences.

Prosecutors believe the cash is linked to pyramid scheme in which around a million people lost an estimated $1bn.

more courts articles

Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court
Defendant in Cobh murder case further remanded in custody Defendant in Cobh murder case further remanded in custody

More in this section

Paris organisers receive Olympic flame at Greek venue of first modern Games Paris organisers receive Olympic flame at Greek venue of first modern Games
Lloyd Austin US announces new Patriot missiles for Ukraine as part of $6bn aid package
Sundar Pichai Tech CEOs Pichai, Altman, Nadella and others join US government AI safety board
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited