Jacob the Jeweler is well known for getting big name celebrities iced out. He sells custom, high-priced jewels and is mentioned in plenty of hip-hop songs. Jacob Arabov was given federal charges back in June of 2006. He violated federal drug laws by laundering $270 million! The indictment was linked to a drug organization titled the Black Mafia Family and involved Arabov along with 23 others. He will have to forfeit at least 30 pieces of jewelry, cars and residences.
It is now two years later and the 43-year-old Jacob Arabov pleaded guilty to lying to the Feds and making changes in his legal documents. The drug ring was transferring through multiple states and Arabov continued to lie about the information he knew or was involved with. This means prison time fo him! Hopefully he isn’t someones boyyyfriend.
The king of bling is sentenced to two and a half years in federal penitentiary. Who will ice out Diddy now?