Jacob The Jeweler Iced, Sentenced To 2 1/2 Years In Prison
Jacob Arabo, better known in hip-hop circles as “Jacob the Jeweler,” has been sentenced to two and a half years in federal prison, according to TMZ.
The Bukharian-American Jewish immigrant was booked for lying to investigators looking into the Black Mafia Family drug case.
Arabo, 43, was arrested by the FBI in 2006 on money laundering charges. He later plead guilty to falsifying records and giving false statements. The plea deal he worked out in 2007 resulted in the money laundering charges being dropped.
He had been accused of using his jewelry business to launder upwards of $270 million for BMF. In October 2005, authorities raided BMF and 30 members were arrested during the massive bust. In 2006, 16 of the members were indicted on conspiracy charges to distribute cocaine; money launder charges were also doled out bringing the total number in the bust up to 49 people.
In court Arabo told the judge: “I feel ashamed that I broke the laws of this country, a country that has been so good for me. I will carry this shame for the rest of my life.”---Nino “Dubs” Deluca