Jacob the Jeweler Pleads Guilty to Lesser Charges in Money Laundering Case, Faces Prison

Jacob “The Jeweler” Arabov is scheduled to enter a guilty plea on charges of making false statements to investigators in Detroit Federal Court today. Jacob was arrested in June of 2006 by federal authorities on charges that he allegedly conspired to launder as much as $270 million in drug profits for the Detroit based Black Mafia Family organization. According to the Associated Press, Jacob accepted the plea agreement offered by prosecutors, who in turn agreed to drop the more serious charges of money laundering. He is expected to face between 37 and 52 months in prison. Jacob is well known in the hip-hop community as a purveyor of fine jewelry to some of the biggest names in rap. He has been immortalized in lyrics from a slew of top artists such as The Notorious B.I.G., Nas and Kanye West.

  • http://www.myspace.com/youngbroadway Bundles

    Jacob let the rap music get to his head!! Bwahahaha Fucking moron. Shoulda sold your watches and chains and got money, instead you wanna lead the so-called life your clients were living. What a knucklehead!

    • nappy_pappy

      damn Jake tryin to do big thangs!!! guess thats what happens when ur “drillin” pumpin huh Tre? lmaoooo

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  • ATLNIGHTSPOTS

    Best believe he is snitching before the feds even mention it.. http://www.atlnightspots.com

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  • ACE HUSTLA

    Wat up CUZ!!!!
    I get my BMF on!!!!

  • nappy_pappy

    daaaaaamn that is wild hahah jacob aint no joke he makin mills off of rappers and still tryin to do more…cant blame em doe. His “drillin” was probably pumped up huh Tre? lmaoooo

  • nappy_pappy

    daaaaamn Jake tryin to do big thangs… i guess his “drillin” was pumpin huh Tre? lmaoooo

  • nappy_pappy

    hahah damn Jake tryin to do big thangs… I guess he was thinkin when his “drillin” was pummping huh Tre? lmaoooo

  • nappy_pappy

    Damn Jake was tryin to do big thangs!! i guess when ur “drillin” pumpin u just dont think clearly huh Tre? lmaooooo

  • nappy_pappy

    damn Jake was tryin to do big thangs lol guess his “drillin” was pumped up huh Tre? lmaooo

  • http://dirtyglovebastard.blogspot.com/ Ziploc Moe

    That’s how Detroit niggas do. We are so gutter that we corrupt our associates. You see how Jacob would rather do the time than rat on the killas he was fuckin with. Murda Mitten all day baby.

    R.I.P. Shoboat & Blade Icewood

    Free Big Meech

  • NappyPappy

    damn Jake was tryin to do big thangs!!! guess thats what happens when ur “drillin” pumpin huh Tre? lmaoooo

  • NappyPappy

    damn Jake was tryin to do big thangs!! guess thats what happens when ur “drillin” pumpin huh Tre? lmaooo

  • nappy_pappy

    damn Jake tryin to do big thangs!! guess thats what happens when u “drillin” pumpin aint that right Tre? lmaoooo

  • nappyh_pappy

    Damn Jake doin big thangs!!! guess thats what happens when ur “drillin” is pumpin huh tre? lmaooo

    • http://www.xxlmag.com EReal

      Shut the fuck up already.

  • Worley

    This ain’t a good look. It’s the sort of thing that makes people not want to f*ck with black folks. You know, the feds, etc always sniffing in our ass. Everything we do is illegal. But who is going to jail for taking dirty money from Enron, Arthur Andersen, Worldcom? Nobody.

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  • DURTY

    BMF
    SUP BIG MEECH

  • Rayvon

    Ziploc Moe, you got the game twisted. If Jacob copping a plea for a shorter sentence, he givin some niggas up. Thats the only way you can cut fed time.They call it a “plea” for a reason.

  • Roksteddy

    I don’t think he’ll get away with too much fingerpointing cuz’ he’ll have sumthin pointing back before he knows it. Can we spot some stolen bling in any vidz?

  • Trickdd

    THATS WHAT HAPPENS WHEN YOU AINT GOT NO STREET SMARTS DUMB DUDE DUMB STENGE DUDE RIGHT THERE

  • Amir

    can’t blame hiphop for this morons. He is a hustler and I’m sure his business was a front for the mafia. Anyone selling blood diamonds is in the mafia

  • Capostatus

    Good.

  • Oscar

    Man I know him 1st Hand And JACOB taking it like a mann pay off a bunch of fines and get off in 37 months its nuttin b4 ya know it he’s back in the game

  • barbarian at the gate

    Should’ve stuck to peddling that bling.

  • http://myspace.com/loonyt706 loony T

    Shoot a nigga in the leg they sentence u like u killed em/
    Give a crack 7 years for money laundering millions/

    Pussy ass crackas give a nigga 100 years

  • nellz

    LMAO…that shit makes me laugh everytime

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  • http://blog.myspace.com/nosouljadt D.T.

    I first read about this on http://WWW.GLOBALGRIND.COM and I guess he’s getting what he had coming to him. But dang, they are really cracking down on the hip hop world, all aspect of it

  • Cello

    Yo I tell you what if Jacob is anything like a real hustler (like myself) you take the deal because your just trying to get it over with so you can get home and shut down the shop before they find the real shit that is still going on.

  • http://dirtyglovebastard.blogspot.com/ ImYoPusha313

    If that bitch tells on anyone down with the movement he’s a dead man. Keep ducking them bitch ass alphabet boys Bleu.

    FREE BMF
    FREE BIG MEECH
    R.I.P. BABY BLEU
    R.I.P. SHOBOAT

  • k

    I know that things are often hard in the hood but can we as a people even once not glorify al thats negative? There are other ways to make it without doing something that can put your ass away for etermity!

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