Jacob the Jeweler Forfeits $2 Million In Laundered Funds
Jacob Arabov has forfeited $2 million dollars in illegal proceeds, as a part of his plea agreement conviction for laundering the drug profits of a nationwide drug conspiracy network.
Arabov, known affectionately to Hip-Hop stars as “Jacob the Jeweler,” was sentenced to 2 ½ years in prison for lying to federal authorities about the ownership of $5 million worth of jewelry seized from Terry Flenory, co-head of the notorious Black Mafia Family that operated throughout the United States from 1990-2005.
Under law, drug forfeiture money appropriated by authorities can only be disbursed and used by law enforcement agencies.
Of the $2 million seized, $1.6 million was distributed to seven law enforcement agencies in and around Detroit, the Black Mafia Family’s original base of operations.
The Detroit, Groose Ile Township, Birmingham, and Livonia police departments received $267, 200, with the same amount going to the Livingston County Sheriff’s office.
The River Rouge Police Department received $198,800, while the Waterford Police Department retained $67,200.
The remaining $400,000 was kept by the federal government.
The Black Mafia Family was founded by the Flenory brothers Demetrius (“Meech”) and Terry (“Southwest P”) in the early 90s.
Their vast criminal empire drew extensive police attention when the group began publicly promoting themselves in Hip-Hop circles throughout Atlanta (Young Jeezy, Bleu DaVinci): throwing lavish parties, creating DVDs, and even erecting a prominent Billboard in the city.
In 2005, a series of drug raids and turns of key members into informants effectively the dismantled the drug trafficking organization.
Last year, both Flenory brothers were sentenced to 30 years in prison under CCE (Continuing Criminal Enterprise Law) classification.
-AllHipHop
Tags: $2, forfeits, funds, in, jacob, jeweler, laundered, million, music, news
Comment
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Comment by Dee-Dee on July 9, 2009 at 11:39pm - Jacob the Jeweler went out like a gangster. He did snitch on anyone. 2 years or 200 years is a long time in the pen.
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Comment by ReaLosAngeles on July 9, 2009 at 11:36pm - fuk the police!
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Comment by CAMPOSTELLA RD. on July 9, 2009 at 10:49pm - The "FEDS" Government is the illest gangsters known to mankind. Nobody got shit on the "FEDS" if they want your shit they coming to take it, point-blank period!!! Jacob got off easy, that 2mil is chump-change to him but Big Meech & Southwest T...DAMN!!!...My heart aches when I read or hear a B.M.F. story, the "FEDS" didnt even have no physical evidence against Meechie just circumstancial and snitchies. Terry was the one caught on the wire-taps with his mans slippin' but I aint gon place no blame cuz da FEDS been on them since the early 90's and with all the drug/money confiscated over the years aint no telling, you cant do illegal activities forever cuz you got to win everytime the law only got to win one time then your done! It Iz What It Iz,,,Ball hard~Fall hard B.M.F. where some of the best to do it but once you reach the level they was aint no getting out the game, its either the cell or the casket, DAMN!!!
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Comment by 1THUG aka Tha SHOOTIST!! on July 9, 2009 at 10:31pm - A LOTTA NIGGAZ DONT KNOW THAT I AM A BMF (BLACK MAN FRONTIN)...I GOT SO MUCH MONEY AND SO MANY LAMBOS AND MAYBACKS, AND I'M FEGGIN AND SMASHIN ALL THE FINEST SUPERMODEL BUTT NEKED FWEAKS... YOU NEGGAZ CANT SEE ME! TO QUOTE B.I.G., "MY GARAGE CALL IT C-LO, FOUR, FIVES, AND SIXES...HONIES BY THE MIXES...IF IT AINT BROKE DONT FIX IT!"
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Comment by 1THUG aka Tha SHOOTIST!! on July 9, 2009 at 10:30pm
- JACOB THE JEWELER IS LATIN KING
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Comment by 1THUG aka Tha SHOOTIST!! on July 9, 2009 at 10:16pm
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I KNOW A LOTTA BMF (BOOGIE MONSTA FREAKS)...TRUST ME YOU DONT WANT THOSE KINDA HOES...THEY UGLY AS SHIT AND THEY MIGHT BLAST YOU LIKE MCNAIR IF YOU TRY TO BOUNCE ON THEM...
JACOB THE JEWELER GONNA BE IN THE BING MAKING BRACELETS OUTTA KITCHEN UTENSILS.
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Comment by BEEZY on July 9, 2009 at 7:04pm - ?WHY THE MONEY DONT GO BACK TO THA PEOPLE NOT THA "PEOPLE"
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Comment by You Wantmy Government on July 9, 2009 at 6:47pm -
YA BOY, THAT IS NOT J. COLE. THIS NIGGA ON ROC NATION? WHEN HE GET SIGNED. WELL MY MAN FROM FAYETTEVILLE MAKE BEATS TOO. ON SOME KANYE WEST TYPE SHIT NIGGA. IT'S BOUT TO 360 BACK ON ROUND.
SCIENTIFIK
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Comment by You Wantmy Government on July 9, 2009 at 6:44pm
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YO THE DUDE JAY-Z JUST SIGNED IS FROM FAYETTEVILLE, NC. HE'S NOT FROM QUEENS, NY. HE'S BEEN LIVING UP THERE THE PAST 2 OR 3 YEARS. THE NIGGA USED TO GO BY THERAPIST. HE USED TO RHYME WITH LOS AND B/ PART OF NERVOUS WRECK. BIG UP FAYETTENAM. DON'T BE TRYING TO STEAL OUR ARTIST.
SCIENTIFIK
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Comment by 1THUG aka Tha SHOOTIST!! on July 9, 2009 at 6:29pm
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DAMN JACOB THE JEW LOVE THAT HAIR GEL...NEGGA MUST BE STOCKED WIT MANE AND TAIL, OUIDAD, PANTENE, AND ICE GEL..
A LOTTA PEOPLE DONT KNOW JACOB THE JEW IS TWIN BROTHERS WIT KENTUCKY BASKETBALL COACH JOHN CALIPARI (FORMERLY OFF MEMPHITS)
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