DETROIT (AP) — The New York businessman known in the hip-hop world as "Jacob the Jeweler" faces more than three years in federal prison for lying to investigators looking into a multistate drug ring.
Jacob Arabov is to be sentenced Tuesday morning in Detroit federal court after pleading guilty in October to falsifying records and giving false statements. A plea agreement calls for him to serve up to 46 months and pay a $2 million penalty.
Arabov 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.
Jacob laundered drug money for Jeezy's ex-associates BMF.
Jacob Arabov is to be sentenced Tuesday morning in Detroit federal court after pleading guilty in October to falsifying records and giving false statements. A plea agreement calls for him to serve up to 46 months and pay a $2 million penalty.
Arabov 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.
Jacob laundered drug money for Jeezy's ex-associates BMF.
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