6th Circ. Backs Federal Seizure Of $20M Diamond

Law360, New York (November 9, 2010, 7:05 PM EST) -- Family members of convicted money launderer Paul Monea have failed to convince a federal appeals court to reverse an order requiring Monea to forfeit a 43-carat diamond worth approximately $20 million to the federal government.

The U.S. Court of Appeals for the Sixth Circuit on Monday affirmed a lower court's denial of the Monea Family Trust's petition to amend the forfeiture order, rejecting the trust's claims that it had the greatest ownership interest in the diamond known as the “Golden Eye,” which played a pivotal role...
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