'King of Bling' Jacob the Jeweler Sentenced
Notorious hip-hop and celebrity bling maker Jacob the Jeweler has been sentenced to 2 1/2 years in prison for lying to investigators about his involvement and affiliation with the Black Mafia Ring, during a federal drug ring investigation.
Apparently, when Arabov's not laundering $270 million, he makes watches and necklaces that sell for roughly the same price.
The New York businessman known in the hip-hop world 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.
Jacob Arabov, 43, pleaded guilty in October to falsifying records and giving false statements as part of a deal with federal prosecutors, who asked U.S. District Judge Avern Cohn to impose a minimum sentence of three years and one month.
But Cohn decided to shave off seven months from that recommendation, citing Arabov's extensive charity work.
Cohn also ordered the Russian immigrant to pay a $50,000 fine and to make a $2 million forfeiture payment to the government.
"I feel ashamed that I broke the laws of this country, a country that has been so good for me," Arabov said. "I will carry this shame for the rest of my life."
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.
Prosecutors dropped the money laundering charges in the plea deal.
I find it quite entertaining to note that a jewelry maker has found his way into the bling-branded lexicon of popular culture simply by getting name-checked in hip-hop and R&B lyrics. If you have any doubt about the scope of his influence and notoriety, check this list of just a few of the songs that reference Jacob and his blindingly opulent wares:
1999 "Girl's Best Friend" by Jay-Z 2000 "Put it On Me" by Ja Rule (Feat. Vita) 2000 "Pullin Me In" by Wyclef Jean 2000 "Round Up" by Lady May (Feat. Blu Cantrell & RV) 2001 "Get Out My Way" by Cormega 2003 "Thoia Thoing" by R Kelly 2003 "Smellz Like A Party" by B2K 2004 "Breathe Freestyle" aka in 2005 "Collecting Taxes" by Canibus 2004 "All Falls Down by Kanye West (Feat. Syleena) 2004 "Never Let Me Down by Kanye West (Feat. Jay-Z) 2004 "We Don't Care" by Kanye West 2004 "Ain't No Click" by Lloyd Banks (Feat. Tony Yayo) 2004 "Pop That Booty" by Marques Houston (Feat. Jermaine Dupri) 2005 "Da' Facelift" aka "Full Battle Rattle" by Canibus 2005 "Poppin That Booty" by Marques Houston 2005 "Curious" by Tony Yayo 2005 "Project Princess" by Tony Yayo 2005 "Stay Strapped" by Young Jeezy 2005 "In My Hood" by 50 Cent 2005 "Hate It or Love It" by The Game 2005 "Diamonds From Sierra Leone (Remix)" by Kanye West 2005 "Touch the Sky" by Kanye West (Feat. Lupe Fiasco) 2005 "Get In My Car" by 50 Cent 2006 "Yakub Da Jeweler (Skit)" by Lord Jamar 2006 "Mr. Me Too" by Clipse (Feat. Pharrell) 2006 "Innovators" by The Beyonders 2006 "Say Word" by Uno Dos (Feat. Lakey The Kid, Cormega, & Cuba) 2006 "Money Over Bullshit" by Nas 2006 "Hip Hop is Dead" by Nas 2006 "A Week Ago (Part 2)" by DJ Clue, The Game & Mario Winans 2006 "Upgrade U" by Beyoncé Knowles & Jay-Z 2006 "Wamp Wamp (What it Do?)" By Clipse (Ft. Slim Thug) 2006 "All I Want is Mine" by Inspectah Deck 2007 "Diamonds On My Damn Chain" by Fabolous (Feat. Lil Wayne) 2007 "Slap it On" by Da G Street Kidz 2007 "Ding!" by Royce Da 5'9" 2007 "Pull It" by Joe Munro 2007 "I'm Not Going Anywhere (I.N.G.A)" by Young Argo (Feat. Common) 2007 "Real Playa Like" by Fabolous 2007 "Trapstar" by Young Jeezy 2007 "Success" by Jay-Z (Feat. Nas) 2007 "I Get Money (Billion Dollar Remix)" by 50 Cent 2007 "House Around My Neck" by Ya Boy 2007 "Baby Don't Go" by Fabolous (Feat. Rihanna)
JACOB & Co. boasts a celebrity list of owners from Angela Bassett, Jimmy Fallon, Gisele Bundchen, Sean “P. Diddy” Combs, Enrique Iglesias, Justin Timberlake, Verne Troyer, Fred Durst, David & Victoria Beckham, Sir Elton John, Karl Lagerfeld, Carmen Kass, Naomi Campbell, Stefano Gabbana, Mya, Busta Rhymes, Nelly, Wyclef Jean, Nas, Tyrese, 50 Cent, Sharon & Ozzy Osbourne, Madonna, Jennifer Lopez, Bono, Michael Jordan, Tyson Beckford, Britney Spears, Sharon Stone, Beyonce Knowles, Rudolf Giuliani, Lenny Kravitz, Jessica Simpson, John Mayer, T.K. Hong Kong, and the list goes on.