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.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.