High Court Won't Hear Fraudster's $20M Diamond Case

Law360, New York (March 7, 2011, 5:57 PM EST) -- The U.S. Supreme Court declined Monday to hear a challenge to an order requiring convicted money launderer Paul Monea to forfeit a 43-carat diamond worth about $20 million to the federal government.

The high court's denial of the Monea Family Trust's Feb. 4 petition for writ of ceritorari lets stand the U.S. Court of Appeals for the Sixth Circuit's refusal to amend an order requiring the diamond to be forfeited on the grounds that the trust failed to prove it had the greatest ownership interest in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.