Wed, September 07, 2011
Lifestyle > Society

Huge diamond forfeited in Ohio to be auctioned

2011-09-07 09:37:09 GMT2011-09-07 17:37:09(Beijing Time)  SINA.com

This undated photo provided by the U.S. Marshals Service shows a large yellow diamond. The large yellow diamond, known as the “Golden Eye,” was seized in a federal drug and money laundering investigation in northeast Ohio and is going on the auction block with the minimum bid to start at $900,000. The 43.51 carat diamond belonged to an Ohio businessman convicted of money laundering and conspiracy. A refundable deposit of $180,000 is required to be able to view the diamond in Cleveland the week of Aug. 29-Sept. 2 and bid on it during the auction that begins at 8 a.m. on Sept. 6 and continues until 3 p.m. Sept. 8. (AP Photo/U.S. Marshals Service)

CLEVELAND — A large yellow diamond seized in a federal drug and money laundering investigation in Ohio is going on the auction block with a minimum starting bid of $900,000.

The U.S. Marshals Service's online auction of the 43.51-carat Golden Eye diamond will begin Tuesday and continue until Thursday afternoon.

The diamond belonged to a northeast Ohio businessman who was convicted of money laundering and conspiracy. Prosecutors say he tried to sell the diamond and an estate once owned by boxer Mike Tyson to an undercover FBI agent for $19.5 million and a boat.

The diamond was seized in a sting operation and was forfeited to the federal government. The U.S. Marshals Service contracted with Silver Spring, Md.-based company Bid4Assets to auction it online.

(Agencies)

| PRINT | RSS

Add Your Comments:

Your Name:
Your Country:
Comment:
(English Only)
 
Please read our Terms of Service. Messages that harass, abuse or threaten others; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed.

SPECIAL COVERAGE

MOST VIEWED

LATEST VIDEO

PICTURE GALLERY