Tuesday, June 24, 2008

Fashion Criminal: Jail Time for Jacob the Jeweler

Move over Naomi Campbell. Another fashion notable is heading to lock-up, and this time - it's for 2 and a half years! Jacob the Jeweler, ne Jacob Arabov, was sentenced today by the U.S. district court in Detroit for lying to investigators (falsifying records and giving false statements) looking into a multistate drug ring.

In 2006, hip hop royalty's favorite jeweler was indicted for conspiring to launder more than $270 million in drug profits for a Detroit-based drug ring called the Black Mafia Family. Arabov plead guilty to obstruction (the money laundering charges were dropped as part of the plea) in October and was sentenced today.

The jeweler will report to a federal penitentiary on January 15 (he'll also have to forfeit $2 million and pay a $50,000 fine). Jeez Louise! If things keep going as they are, H&B is fast going to become a fashion blotter!