UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

CUSIP No. 808831101

SCHEDULE 13G

1.

Names of Reporting Persons.
Michael R. Monahan

2.

Check the Appropriate Box if a Member of a Group:

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
3,890,000

6.

Shared Voting Power
1,000,000

7.

Sole Dispositive Power
3,890,000

8.

Shared Dispositive Power
1,000,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,890,000

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares o

11.

Percent of Class Represented by Amount in Row (9)
11.2%

12.

Type of Reporting Person
IN

Item 1.

(a)

Name of Issuer
Scio Diamond Technology Corporation

(b)

Address of Issuer’s Principal Executive Offices
411 University Ridge, Suite D, Greenville, SC 29601

Item 2.

(a)

Name of Person Filing
Michael R. Monahan*

* In 2006, Mr. Monahan co-founded Focus Capital Group, Inc. (“Focus Capital”), an investment banking firm, along with Edward S. Adams, the chairman of the board of directors of Scio Diamond Technology Corporation (the “Company”).  Mr. Monahan currently serves as a senior managing director of Focus Capital, and Mr. Adams currently serves as the chief executive officer and a senior managing director of Focus Capital.  In addition, Mr. Monahan co-founded the corporate law firm of Adams Monahan, LLP, along with Mr. Adams.  Mr. Monahan specifically disclaims the formation of or membership in a group with Mr. Adams for the purpose of acquiring, holding, voting or disposing of the common stock of the Company for purposes of beneficial reporting obligations under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934, as amended.

(b)

Address of Principal Business Office or, if none, Residence

Adams Monahan, LLP

60 South 6th Street

Suite 2540

Minneapolis, MN 55402

(c)

Citizenship

United States of America

(d)

Title of Class of Securities
Common Stock, par value $0.001 per share

(e)

CUSIP Number
808831101

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

This statement is filed pursuant to Rule 13d-1(d). As such, the listed alternatives are not applicable.

Item 4.

Ownership

(a)

Amount beneficially owned   

4,890,000

(b)

Percent of class   

11.2%

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote   

3,890,000

(ii)

Shared power to vote or to direct to vote    

1,000,000*

(iii)

Sole power to dispose or to direct the disposition of   

3,890,000

(iv)

Shared power to dispose or to direct the disposition of   

1,000,000*

* 1,000,000 shares are owned by Mr. Monahan’s wife, for which Mr. Monahan disclaims beneficial ownership.

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:   o

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification

Not applicable.

Dated:  October 31, 2012

/s/ Michael R. Monahan

Michael R. Monahan