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Sunday, July 12, 2009

Jackob the Jeweler Forfeits $2 Mil in Illegal Funds

Jeweler to the stars, Jacob ‘The Jeweler’ Arabov, forfeited $2 million in illegal money as part of his plea deals so that he could get a lesser sentence for laundering money.
Jacob got a 2 ½ year sentence last June for giving false statements and falsifying records in connection with a drug ring. He supposedly helped launder $270 millin in drug money.
Of the forfeited money $267,200 was given to police in Detroit, Birmingham, Grosse Ile, Livonia, and the Livingston County Sheriff's Department, while River Rouge received $196,800, and Waterford Township's share is $67,200. The federal government kept the remaining balance. Source
You would think he was making enough money keeping rappers dripping in bling to not even involve himself in this nonsense.

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