Just hours remain to purchase priceless diamond
Thu, 08 Sep 2011 14:53:13 GMT —
Time is winding down in the auction for a huge yellow diamond known as the "Golden Eye" that was seized in a money laundering investigation in Ohio.
As of 6 a.m. Thursday, the gem now held by U.S. marshals in Cleveland had attracted a top bid of more than $1.5 million, out of four bids submitted.
The auction closes Thursday at 3 p.m. It began Tuesday with a minimum starting bid of $900,000.
Once upon a time it was the property of an Alliance, Ohio businessman by the name of Paul Monea. Monea was an infomercial huckster who made hundreds of thousands of dollars in the mid-1990s selling gas grill igniters as miraculous pain relief devices. In 1999, the workout tape he produced and marketed, "Tae Bo Workout" was the top selling video of that year.
Monea was found guilty of money laundering when he attempted to sell the diamond and aTrumbull County mansion that once belonged to Mike Tyson to a drug dealer to launder money.
The diamond was seized and forfeited to the government.
If you're interested in bidding on the diamond, there are just hours left as the auction ends at 3 p.m. Thursday.