Jacob the Jeweler Released from Jail

After serving close to two years behind bars for his association with notorious drug trafficking organization the Black Mafia Family (BMF), Jacob Arabov, better known as Jacob the Jeweler, was recently released from prison.

According to the New York Post, the 44 year-old jeweler was sent to a halfway home on March 25 after spending 23 months in federal prison for lying to investigators, probing money laundering charges against BMF.

As previously reported, the Bukharian-American Jewish immigrant was arrested by the FBI in 2006 on money laundering charges. He later plead guilty to falsifying records and giving false statements—a 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 the gang’s headquarters and 30 members were arrested during the massive bust. In 2006, 16 members were indicted on conspiracy charges to distribute cocaine and money laundering charges were also doled out bringing the total number in the bust up to 49 people.

As for now, the bling king is expected to remain in the halfway house, leaving in the day time to help his wife run their jewelry company in the day time and returning to the re-entry facility at night, until September. —Brooklyne Gipson

  • Face Phoenix

    Back on the streets to swindle small minded artist out of their cash advance for some custom made crap that will depreciate as soon as they exit the store. I wonder is his business as booming as it was when every rap crew felt compared to throw some “bling” on every would be member. Because I know he made his fortune of so many people in the last 15 years.

    • Will E. Will

      aint shit wrong wit that. He exploited dumb niggas that had the cash. Can’t hate him for that. If you dumb enough to spend that much money on some materialistic b.s. then u deserve to get got. lmao

      • Anonymous

        i agree

        • KeWeL

          Hell yeah I can dig it. 150 stacks on a watch, are you kidding me. You could have fed half of Haiti with that fool!!

  • cliff

    Face Phoenix…preach on! You are dead on point with that statement. Back to business making millions off of silly ass rappers for Jacob.

  • The American Way

    Isn’t that how you are suppose to conduct business. If you have a customer who is willing to pay whatever amount of money for your product, than why shouldn’t the jeweler be able to charge whatever amount in return aka supply and demand. It’s not his fault that there are so many dumb people/rappers in this world who spend there own money on whatever they want. All he is doing is living the American Dream off of unintelligent people.

    • TUNED2IT

      That reasoning didn’t work for the BMF.

  • http://www.jamal7mile.blogspot.com Jamal7Mile

    He didn’t go to jail for living the American Dream. He went to jail for money laundering, falsifying records and giving false testimony. Other than that, he’s a “legit business man.” Yeah…

    • KeWeL

      You couldn’t have said it better. His number one customers are soulja boi, Gucci man, and Young Berg. Wack Azz rappers who want a big azz chain that look like a cartoon character..LOL! Make ya money Jacob!!

  • simmy

    Don’t hate the player, hate the game.

  • T.McGrady

    Jacob is back on his grind. Keep gettin’ that money, mane …. I guess first customer will be OJ Da Juiceman.

  • caino

    ^^^ that wouldnt surprise me !!

    l must admit l have a thing for watches…& trainers (sneakers, if l could l would spend a fortune on them….not on any of these crazy rapper watches tho!

  • http://www.sabc.co.za Roller

    GAT DAMN! this nicca Jacob is gangsta.

  • http://www.google.com Stimoroller

    GAT DAMN! This nicca Jacob is Gangsta!

  • whybeblack

    Black folks are ignorant.

    • Country Da Don

      black people isn’t dumb u r bitch!!!!!!!!!!!!!

  • Riley

    YES! Now i can git that iced out mickey mouse chain i been eyin. Ooooh I cant wait to see nggas hate. Nggas dont like to see a young brotha shinin. Glistenin, all silked out dipped in butter.

  • http://vyatka-history.com/ Vyatka

    Спешу поделиться радостью! 2 полоски)))))))))
    Дя.. я скоро стану мамой. Чувства переполняют, хочется рассказать об этом всему миру!!!
    Девчёнки, вы не представляете, какая это радость. А кто знает – не дадут соврать!!! А вот мой избранный утром, когда я сказала – сначала потерял дар речи, а потом всю расцеловал!!! *kiss*

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