Jeweler to the hip-hop Community, Jacob Arabov also known as "Jacob the Jeweler" was sentenced Tuesday to 2 1/2 years in federal prison for lying to investigators looking into a multistate drug ring. The Russian immigrant was ordered 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 for the infamous Detroit drug family BMF -Black Mafia Family.
One famous line from Kanye (Diamonds from Sierra Leone) sum up this case:
These ain't conflict diamonds, is they Jacob? Don't lie to me man.
Lol! His street cred is either going up for going to jail (Jan 15) or down for snitching to the Feds.
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