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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soundoff (115 Responses)
  1. About diamonds by Philip

    In ancient times, wealthy Kings from all around the known world built elaborate and ornate temples out of rare woods and gemstones gathered from afar. But none of them used diamonds! Why? Because diamonds were not recognized as being rare back then, being so commonly found in Africa. If not for the DeBeer's corporation keeping the vast majority of diamonds out of the marketplace, they would still be considered a common gemstone more suited for industrial uses than for weddings. Only the poorest of peoples who could not afford an emerald would be wearing diamond wedding rings.

    August 12, 2011 at 9:25 am | Report abuse |
    • Nigel Powers

      Yes, only the poorest people in the middle ages had diamonds. While they could barely find enough food to keep them alive, they had diamond rings. Moron.

      August 12, 2011 at 9:43 am | Report abuse |
    • Alex

      Hi Philip,

      why don't you correct the Wikipedia link about Diamond then? That one says: "The popularity of diamonds has risen since the 19th century because of increased supply." Somewhat counter to your theory, correct?

      August 14, 2011 at 1:33 am | Report abuse |
  2. ky

    wowzers! i think they should make this a charitable event seeing how the rock was seized from some low life. Give back to the world and the people who need it. what would make you feel better a big rock, or seeing a bunch of smiles on peoples faces knowing that you in fact probably saved there life. it would be a no brainer for myself..

    August 12, 2011 at 9:32 am | Report abuse |
    • LRoy

      This thing is HUGE! Who among us, vanity aside, wouldn't want it if we had the money to buy it...with NO thought on where the money will come from to purchase it. Who among us goes anywhere where you can even wear it?

      August 12, 2011 at 9:41 am | Report abuse |
    • ky

      Have you ever heard of a charitable auction you STUPID FU CK people are dying all over the country and some greedy little snob is going to do what with this? might as well make it a life saving diamond for millions and just put a percentage of what is made to a charitable organization.... whos the moron now

      August 12, 2011 at 3:22 pm | Report abuse |
  3. Pink Panther

    I'm not all that into Diamonds, but I wouln't mind at least seeing how that sucker looks on my finger! BTW good story Philip

    August 12, 2011 at 9:34 am | Report abuse |
  4. LRoy

    Whomever buys it (assuming it's a private individual) my phone number is 978.................

    August 12, 2011 at 9:43 am | Report abuse |
  5. guest

    How much you wanna bet one of the Kardashian's will be wearing this thing at the next big event? I do have to admit, this would definately throw my ADOS into overdrive! ADOS = Attention Deficit.........Ohhhhhh SHINY!!!

    August 12, 2011 at 9:55 am | Report abuse |
  6. Pink Panther

    It's just a Diamond man! awwww , woman sorry, anyhow the *thing* is pretty ... God is BEAUTIFUL

    August 12, 2011 at 10:07 am | Report abuse |
  7. DD

    Not exactly a smart investment. It will always require a specialized buyer unless it gets cut up to be sold off.

    August 12, 2011 at 10:15 am | Report abuse |
  8. Canadian Genius

    I bid $100. And a boat.

    August 12, 2011 at 10:29 am | Report abuse |
  9. Wondering

    Why is it yellow? Did it get peed on?

    August 12, 2011 at 10:44 am | Report abuse |
  10. Wondering

    Why is it yellow? Did it get peeed on?

    August 12, 2011 at 10:44 am | Report abuse |
  11. raven

    @steven: Well no. I gotta guy who makes other guys look like Winston Churchill .And as much as I admire Winston Churchill ,I wouldna wanted to see him fresh outta the shower.

    August 12, 2011 at 11:40 am | Report abuse |
  12. banasy©

    Have to remember that one, thanks!

    Neither would I!

    August 12, 2011 at 12:07 pm | Report abuse |
  13. 009

    @ wondering:
    Nitrogen in it.

    August 12, 2011 at 5:04 pm | Report abuse |
  14. the prophet

    Authorities have no business to take, poses and confiscate anything from anyone. Authorities are themselves corrupted and now are competing with the other organizations who were the first.

    August 13, 2011 at 5:26 pm | Report abuse |

    YES , WE CAN...YES , WE CAN...WE WILL WIN IN WAR ON TERROR (30 whities or what are terrorists will never come back alive...thank you lord....aaamen).

    What do you mean tragedy! It was just a birthday present for planet apes president !!! That's all ! Feels great to flip hamburgers and hip hop atop of good news...makes you feel vibrant and energized !!!

    ARIZONA = UTOYA = GOVERNMENT‘S "AFTERLIFE" CASH & $$ FLASH MOB (there was no shooting in Utoya or Arizona, but instead tear gas and on faces of multiculturalism maniacs while calling you a terrorists) !!! stateofterror.blogspot.com/ or stateofterror.wordpress.com/

    avsecbostjan.blogspot.com/ or avsecbostjan.wordpress.com/

    Whitie is fighting war on terrorism just to come home and be pronounced as terrorist...turned in Timothy, jobless, homeless ...YESSS, WE CAN...YESSS, WE CAN...GABBY OPENED HER EYES (Obaminator’s psychotic speech in Tucson = failed “Apocalypse Now“)


    Don't worry O(s)bama, you have just saved USA what is lots of Dollars in your DEBT DEALS(DEAD AND ILL) as those best of America or Navy Seals would also grew older and then you already know how it goes !!!

    August 14, 2011 at 3:26 pm | Report abuse |
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