Seized Diamond Set For Auction

Published on 05/08/11

The elegant diamond seized back in 2006 by an undercover FBI sting operation will be available for online auction on September 6th. The rare diamond will have an opening bid at $900,000, a high dollar amount for an online auction ecommerce solution. The auction will also require the winner to secure their bid with a $180,000 deposit, to ensure they’re serious about the offer.

According to court documents concerning the case businessman Paul Monea attempted to sell the diamond, along with an extravagant home he owned in Ohio, to an undercover FBI agent for $19.5 million and a boat. It was reported that the home had previously been the estate of boxer Mike Tyson.