$20m (£16m) in cash discovered in a bed frame under a mattress in a Massachusetts flat.

US authorities have seized $20m (£16m) 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 

source : bbc

Money laundering: Four companies linked to Patience Jonathan's $15million plead guilty

The Four companies involved in laundering case, linked to former First Lady, Patience Jonathan, pleaded guilty before Justice Babs Kuewumi of a Federal High Court in Lagos today.

According to Premium Times the four companies are;

Pluto Property and Investment Company Limited.

Seagate Property Development and Investment Company Limited.

Trans Ocean Property and Investment Company Limited.

Avalon Global Property Development Company Limited.

All companies listed above pleaded guilty to conspiring with former Special Adviser on Domestic Affairs to ex-President Goodluck Jonathan, Waripamo Dudafa, and two others to launder the sum of $15, 591,700.