Rare diamond seized from money launderer set for online auction
This flawless diamond, known as the "Golden Eye," is up for a minimum bid of $900,000.
August 11th, 2011
08:50 PM ET

Rare diamond seized from money launderer set for online auction

A rare 43-carat yellow diamond that belonged to a convicted money launderer will be auctioned for a minimum bid of $900,000, the U.S. Marshals Service said Thursday.

The flawless diamond, known as the "Golden Eye," will be sold in an online auction on September 6 by the U.S. Marshal's Service, the Department of Justice said in a statement Thursday. The FBI seized the notable diamond in an undercover investigation that led to Ohio businessman Paul Monea's conviction for money laundering.

Known for his involvement in the Tae Bo workout craze and a failed effort to market electric grill lighters as pain relievers, Monea was convicted in 2007 of conspiring to sell the diamond and a mansion once owned by former heavyweight boxer Mike Tyson in exchange for $19.5 million and a boat, according to court documents.

There is no clear evidence of how Monea came to possess the diamond, according to court documents. He allegedly told others involved in the case that he owned a diamond mine in Africa and that he received the diamond from a friend.

The diamond was forfeited to the government by a district court judge in 2007, the Department of Justice said. Legal claims delayed the process until March, when the final forfeiture was ordered and the U.S. Marshals Service acquired it.

The U.S. Marshals Service is responsible for selling seized and forfeited properties acquired by federal criminals through illegal activities, the DOJ said. Proceeds from the auction are used to compensate victims, pay for law enforcement initiatives and support community programs, according to the Department of Justice.

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Filed under: Crime
soundoff (115 Responses)
  1. Pink Pather


    August 11, 2011 at 10:29 pm | Report abuse |
  2. MarchHare

    I don't care where it came from...that diamond is GORGEOUS!

    August 11, 2011 at 10:33 pm | Report abuse |
  3. Pink Pather


    August 11, 2011 at 10:33 pm | Report abuse |
  4. ajd041

    If I got that thing I'd get it appraised and then buy a lambo Aventador that would be much more fun than a jewel

    August 11, 2011 at 10:36 pm | Report abuse |
    • ha

      lambo depreciates where a diamond appreciates

      August 11, 2011 at 11:19 pm | Report abuse |
  5. Brian T.

    For England, James?

    August 11, 2011 at 10:38 pm | Report abuse |
  6. Pink Pather


    August 11, 2011 at 10:40 pm | Report abuse |
  7. Pink Pather


    August 11, 2011 at 10:43 pm | Report abuse |
  8. Pink Pather

    D-a-m-n, I can't post it here... the suprise fight scene between inspector clouseau and cato

    August 11, 2011 at 10:45 pm | Report abuse |
  9. Pink Pather


    August 11, 2011 at 10:48 pm | Report abuse |
  10. Pink Pather


    August 11, 2011 at 10:51 pm | Report abuse |
  11. Pink Pather

    HaHa , found it .... real good intro pls watch , especially for those who grew up on the Pink Panther ENJOY

    August 11, 2011 at 10:52 pm | Report abuse |
  12. Lisa

    Hope I win the lottery...............................I want that sucker!

    August 11, 2011 at 11:00 pm | Report abuse |
  13. Emigdio

    Why do I feel like watching Goldeneye, or playing Goldeneye 007?

    August 11, 2011 at 11:13 pm | Report abuse |
  14. Steve

    Because this is a great time to buy a stupid @ss diamond.

    August 11, 2011 at 11:25 pm | Report abuse |
    • You are allowed to say Ass

      You don't need to change the spelling of ass.

      August 12, 2011 at 10:34 am | Report abuse |
  15. Pink Pather

    Is the coolest CAT ever to live... RIP peter... thanks for the laughs

    August 11, 2011 at 11:38 pm | Report abuse |
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