Jacob The Jeweler Pleads Guilty!!
Jeweler to the stars of Hip-Hop, 'Jacob The Jeweler', has pleaded guilty to charges of falsifying records and giving false statements to investigators.
According to the Associated Press, Jacob The Jeweler (Real name: Jacob Arabov) plead guilty yesterday (Oct. 31) on charges of falsifying records and giving false statements to authorities in respect to an investigation into allegations of laundering $270 million in drug profits for the notorious "Black Mafia Family".
Under terms of the plea deal, Arabov will face up to 46 months in prison and pay a $2 million fine. Prosecutors agreed to drop the money laundering charges against Arabov.
"I realize I have made a terrible mistake and I accept the consequences of my actions," Arabov said in a news release issued through Brafman.
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