|
|
The Suburbanite
  • Court awards Monea's Golden Eye Diamond to the Feds

  • A federal appeals court in Cincinnati sided Monday with a trial judge in granting the government ownership of the diamond once owned by Paul Monea of Alliance.

    • email print
  • The government has won ownership rights to a 43-carat diamond worth up to $20 million that was seized in a money laundering investigation in Ohio.
    A federal appeals court in Cincinnati sided Monday with a trial judge in granting the government ownership of the diamond once owned by Paul Monea of Alliance.
    Monea was convicted of money laundering and the government seized the one-inch tall diamond. Federal officials plan to auction it and give the proceeds to law-enforcement agencies involved in the investigation.
    Ownership claims came from Monea’s children, a New York minister and a California business owner.
    Monea’s attorney, Thomas Houlihan, declined comment Tuesday. Monea became rich distributing Tae Bo fitness tapes.