"Jakob The Jeweler"

The King of Bling

\

Russian Money Launderer

This guy owned a jewelry shop and laundered $270 million in drug
profits. He gets caught, and is sentenced to a maximum of 46 months, and
that will be in a country club prison.

Jakob Laundered Drug Money

A celebrity jeweler who put diamonds on celebrities from Sir
Elton John to Kanye West pleaded guilty Wednesday to falsifying
records and giving false statements to investigators looking into
a multistate drug ring. Arabov, a Russian immigrant also known as
the "King of Bling," became popular among hip-hop and R&B
artists in the mid-1990s.

He Was Connected To Rosenstein

Arabov, 42, was arrested in June 2006 at his Manhattan jewelry
shop. Authorities accused him and others of conspiring to launder
about $270 million in drug profits for the "Black Mafia Family," a ring that operated
out of the Detroit area beginning in the early
1990s.

Most Accomplices Have Fled To Israel

The 7-year investigation resulted in the indictments of Arabov
and 41 other people. Twenty-eight have pleaded guilty, eight are
scheduled for trial Nov. 19 and the whereabouts of six others are
unknown.

Famous New York Attorney

In return for the guilty plea, prosecutors agreed to drop money
laundering charges against the man known in the hip-hop world as
"Jacob the Jeweler," said Arabov's attorney, Benjamin
Brafman.

Judge Vern Cohn Will Pass Sentence

Terms of the plea deal call for Jacob Arabov of New York to
serve up to 46 months in prison and pay a $2 million penalty, U.S.
Attorney Stephen J. Murphy said in a news release. No sentencing
date was immediately set by U.S. District Judge Avern
Cohn.

Would You
Approve Of Work Camp For Criminals Like Jakob?

Yes -
We must look to the future

No -
I don't like the sound of it

pollcode.com free
polls

Ecstasy
Ring

Ecstasy

Natalee
Holloway

Judicial
Index