psm026 Posted June 16, 2006 Share Posted June 16, 2006 The jeweler known for putting diamonds on celebrities from Kanye West to Sir Elton John was arrested Thursday on money-laundering charges. Police said Yakov Arabov, known throughout the hip-hop world as Jacob Arabo or "Jacob the Jeweler," was connected to a multistate drug and money-laundering ring. Arabov, who appeared briefly in U.S. District Court in Manhattan after his arrest, did not want to comment, said his lawyer, Daniel Gotlin. "It's been a difficult enough day for what they did to him," Gotlin said, declining to comment further. Bail was set for Arabov at $100,000, which the Russian immigrant immediately had paid. The 41-year-old Arabov, who first came to fame in the mid-1990s as hip-hop and R&B artists started sporting his gem-encrusted pieces - was arrested at 8:30 a.m. on a warrant issued in Detroit by federal authorities. The authorities have charged him with conspiring with others to launder money in connection with a jewelry business. Drug Enforcement Administration spokeswoman Erin Mulvey said the arrest occurred at Arabov's midtown Manhattan store. Paul Wilmot, a spokesman for Jacob & Co., said the arrest was "the result of an unfortunate misunderstanding that we believe will be straightened out in the next several weeks." He added, "We are confident that once the government is advised of all the facts surrounding these issues that all of the charges against Mr. Arabov will be completely dismissed." Arabov was identified along with the alias, "Jacob the Jeweler," in an indictment charging some of 16 people with breaking federal drug laws, included conspiracy to distribute more than 476 kilograms of cocaine and laundering about $270 million, Detroit U.S. Attorney Stephen J. Murphy announced Thursday. Federal authorities say those indicted are connected to a drug organization called the "Black Mafia Family." The gang dealt cocaine in the Detroit metropolitan area beginning in the early 1990's, extending across the country. Between October 1997 and June 2005, authorities said they seized approximately $5 million in cash from the gang, which used the drug money to purchase and lease luxury vehicles, buy real estate and jewelry. Arabov became popular among hip-hop and R&B artists in the mid-1990s after he attracted the attention of Notorious B.I.G., according to the Jacob & Co. Web site. Sean "Diddy" Combs, Madonna and Sir Elton John have all worn his baubles. Arabov launched a line of religious-themed jewelery with Kanye West, who later named him in songs including "Diamonds From Sierra Leone," in which he asked, "These ain't conflict diamonds, is they Jacob? Don't lie to me man." He also manufactured Lil' Kim's line of Royalty watches and was recently named the jewelry trendsetter of the year by Modern Bride magazine. :shakehead::shakehead::shakehead::shakehead: Quote Link to comment Share on other sites More sharing options...
GLIK$ Posted June 16, 2006 Share Posted June 16, 2006 AAAHAAHAAA! They finally got 'em. Quote Link to comment Share on other sites More sharing options...
Guest R@ndomH3ro Posted June 16, 2006 Share Posted June 16, 2006 Who would have known. Quote Link to comment Share on other sites More sharing options...
Kr430n5_666 Posted June 16, 2006 Share Posted June 16, 2006 Quote Link to comment Share on other sites More sharing options...
GLIK$ Posted June 16, 2006 Share Posted June 16, 2006 Domino effect commin up, just wait! Quote Link to comment Share on other sites More sharing options...
shameless self promotion Posted June 16, 2006 Share Posted June 16, 2006 Nothing is going to happen to that guy. Nothing happens to anyone with money. Quote Link to comment Share on other sites More sharing options...
Some1 Posted June 16, 2006 Share Posted June 16, 2006 WHOOODA THUNKIT Quote Link to comment Share on other sites More sharing options...
seeking Posted June 16, 2006 Share Posted June 16, 2006 whooda cared? Quote Link to comment Share on other sites More sharing options...
GLIK$ Posted June 16, 2006 Share Posted June 16, 2006 niggas son. Quote Link to comment Share on other sites More sharing options...
Guest Ginger Bread Man Posted June 16, 2006 Share Posted June 16, 2006 hey gliko. i take it you know of the guy and what bullshit hes into? its been about 12 years since ive been in ney york and i had never heard of this jacob the jeweler guy. sounds like something outta donnie brasco. donnie the jeweler from florida. hahaha Quote Link to comment Share on other sites More sharing options...
Guest R@ndomH3ro Posted June 16, 2006 Share Posted June 16, 2006 Who wants cheesebugers? Quote Link to comment Share on other sites More sharing options...
AyeBee Posted June 16, 2006 Share Posted June 16, 2006 Nothing is going to happen to that guy. Nothing happens to anyone with money. Exactly...if anything he's just gunna make more money. No such thing as bad publicity Quote Link to comment Share on other sites More sharing options...
psm026 Posted June 16, 2006 Author Share Posted June 16, 2006 hey gliko. i take it you know of the guy and what bullshit hes into? its been about 12 years since ive been in ney york and i had never heard of this jacob the jeweler guy. sounds like something outta donnie brasco. donnie the jeweler from florida. hahaha I take it you dont listen to hip hop or heard of company Jacob & Co. Homeboy was killing it......and im from miami... sneak..let me get a burger,.... Quote Link to comment Share on other sites More sharing options...
CACashRefund Posted June 16, 2006 Share Posted June 16, 2006 what it is mang? Quote Link to comment Share on other sites More sharing options...
coffeedependency Posted June 16, 2006 Share Posted June 16, 2006 dude has some outrageous gel in the hair. Quote Link to comment Share on other sites More sharing options...
Mainter Posted June 16, 2006 Share Posted June 16, 2006 them burgers look damn good i might have to run to sofo foods and grill me a few Quote Link to comment Share on other sites More sharing options...
Guest R@ndomH3ro Posted June 16, 2006 Share Posted June 16, 2006 I take it you dont listen to hip hop or heard of company Jacob & Co. Homeboy was killing it......and im from miami... sneak..let me get a burger,.... Get yo own burger.......on 107th and Bird! You know how we roll!! Quote Link to comment Share on other sites More sharing options...
sarcasm Posted June 16, 2006 Share Posted June 16, 2006 more gangster than his clients Quote Link to comment Share on other sites More sharing options...
geezpot Posted June 16, 2006 Share Posted June 16, 2006 Processed cheese is so diamond-esque. Quote Link to comment Share on other sites More sharing options...
Guest nutsonmychin! Posted June 16, 2006 Share Posted June 16, 2006 Nothing is going to happen to that guy. Nothing happens to anyone with money. Quote Link to comment Share on other sites More sharing options...
Guest R@ndomH3ro Posted June 16, 2006 Share Posted June 16, 2006 She got a free vacation at Camp Cupcake...He is right nothing happens to people with money. Quote Link to comment Share on other sites More sharing options...
Guest nutsonmychin! Posted June 16, 2006 Share Posted June 16, 2006 poor martha. she's just been thru so much. what a soldier Quote Link to comment Share on other sites More sharing options...
Guest R@ndomH3ro Posted June 16, 2006 Share Posted June 16, 2006 poor martha. she's just been thru so much. what a soldier I guess you like her cookies and home decor tips. Quote Link to comment Share on other sites More sharing options...
Wreck.One Posted June 16, 2006 Share Posted June 16, 2006 I am glad I have a little money Quote Link to comment Share on other sites More sharing options...
Guest nutsonmychin! Posted June 16, 2006 Share Posted June 16, 2006 i love having money, i bet if i didnt spend it on such dumb shit, and buy my plane tickets the day before i was leaving, i could have even more i love her recipie for blackbottom cupcakes! oh my! Quote Link to comment Share on other sites More sharing options...
Guest R@ndomH3ro Posted June 16, 2006 Share Posted June 16, 2006 i love her recipie for blackbottom cupcakes! oh my! You would Quote Link to comment Share on other sites More sharing options...
johnny ballbags Posted June 16, 2006 Share Posted June 16, 2006 im bout the yellow bottoms.... Quote Link to comment Share on other sites More sharing options...
Guest R@ndomH3ro Posted June 16, 2006 Share Posted June 16, 2006 I just like plain old pie. Quote Link to comment Share on other sites More sharing options...
Wreck.One Posted June 16, 2006 Share Posted June 16, 2006 Brown bottoms Quote Link to comment Share on other sites More sharing options...
Internerd Posted June 16, 2006 Share Posted June 16, 2006 Someone ban psm Quote Link to comment Share on other sites More sharing options...
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