BOSTON (AP) — A Brazilian man arrested in connection with the discovery of about $20 million in cash hidden inside a box spring in a Massachusetts apartment has been held without bail.
A judge on Monday ruled that 28-year-old Cleber Rene Rizerio Rocha is a flight risk and held him on a charge of conspiring to commit money laundering.
Rocha was arrested this month when the money was discovered in a Westborough apartment.
Prosecutors say Rocha was part of a scheme to transfer millions of dollars to Brazil by laundering the cash through Hong Kong. The money was from TelexFree, a defunct internet phone company authorities say was a massive pyramid scheme.
The Boston Herald reports that Rocha’s lawyer argued that his client had no criminal record and should be granted bail with GPS monitoring.
Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.