Right now in the Los Angeles Sheriffs Department sits one of the largest emeralds known to man. The Boulder sized gem has been held prisoner here as a legal dispute over who actually owns the gem is hashed out in court.
The 840-Pound gem was first discovered back in 2001, in Brazil. It was here that a man named Thomas is claiming to have purchased the Gem for $60,00o dollars. The stone is actually valued at $400,000,000 dollars. If Thoma's story is accurate then he made quite the shrewd investment.
Like in most things there is at least on other side to this story. Kit Morrison, Todd Armstrong and Jerry Ferrara and their companies Market Link Inc. and FM Holdings Inc.--claims that in 2008 they purchased the gem and have a valid legal title to back up their claim. They say they purchased the gem for a seven figure price and are willing provide any documentation to prove it. The Gem has been rumored to have traveled through New Orleans, Idaho and Las Vegas before being seized by authorities.
After hearing opening arguments on the case the judge dismissed the court until July 30 at 8:30 a.m.
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