Jeweler To The Stars Sentenced To 2 ½ Years

Bling Bling In Sing Sing

June 24. 2008

Jacob the Jeweler, real name Jacob Arabov, a favorite of hip hop stars, was sentenced to 2 ½ years in prison for lying to the Feds about his involvement in a drug ring.

I’ve written about this before. Never lie to the Feds. You will draw a jail sentence worse than the one for the crime you are accused of, when they figure out what you've done. For further reference see Martha Stewart and Lil Kim.

Jacob has been accused of helping the Black Mafia crime syndicate launder drug money. Rapper Young Jeezy’s name has been called in that case as well, as having been given kilos of cocaine to sell. You know dude had a Maalox moment when that little tidbit went public.

Jacob and P-Diddy

I don’t know why the entertainment industry is always getting mixed up in illegal deals (*looking at Jay-Z*). Some are never satisfied with their greed for money, while others try to live up to a gangster image. Either way, it is all very unwise and extremely risky.

Jacob and Pharrell Williams

After Jacob's sentence, under current U.S. guidelines, he faces deportation to his native Russia, as an immigrant who was convicted of a felony. Well, unless he can pull a Slick Rick and get a pardon from the governor.

'Jacob the Jeweler' gets 30 months in U.S. prison for lying to investigators

DETROIT — The New York businessman known in the hip-hop world as "Jacob the Jeweler" was sentenced Tuesday to 2 1/2 years in federal prison for lying to investigators looking into a multi-state drug ring…

Cohn also ordered the Russian immigrant to pay a $50,000 fine and to make a $2-million forfeiture payment to the government…

Arabov was arrested in 2006 at his Manhattan jewelry shop. Authorities accused him and others of conspiring to launder about $270 million in drug profits…

Authorities accused Arabov and others of conspiring to launder drug profits for the "Black Mafia Family," a ring that operated out of the Detroit area beginning in the early 1990s.

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