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 1THUG aka Tha SHOOTIST!! on July 9, 2009 at 6:25pm - JACOB THE JEW GOT OFF EAZY, HE SHOULD HAVE TO GIVE RAPPERS WATCHES FOR FREE TO GIT THEY SWAG UP!
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Comment by It Ya Boy on July 9, 2009 at 6:23pm -
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I JUST LISTEN TO HIS MIXTAPE
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Comment by 1THUG aka Tha SHOOTIST!! on July 9, 2009 at 5:26pm
- THIS NEGGA JACOB GOT OFF EAZY, BUT I HEARD THROUGH THE GREAT VINE THAT SOME KILLAZ LOOKIN TO BLAST HIM.
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Comment by 1THUG aka Tha SHOOTIST!! on July 9, 2009 at 5:25pm
- I BOUGHT ONE OF JACOB'S WATCHES FROM A SENEGALESE MAN OFF THE STREETS IN TINES SQUARE AND IT WAS A REAL JACOB, NOT A FAYCOB (FAKE JACOB) LIKE YOU BE ROCKIN,
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Comment by 50CENT-SOJA on July 9, 2009 at 4:51pm -
free online videos/ books, Islamic TV Channels, lots of information about Islam, Muslims, Bible prophecies about prophet Mohammad, scientific facts in Quran, and stories of converts/ reverts to Islam.
The purpose of this site - Discovering Islam - is to enlighten the inquiring minds about Islam, by shedding light on the beliefs and practices of the 1.5 billion Muslims around the world. Islam is a universal religion and open to people, from all races, colors, ethnicities, and nationalities. Hundreds of thousands of people are converting/reverting to Islam each year.
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Comment by CAMPOSTELLA RD. on July 9, 2009 at 4:51pm - 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 50CENT-SOJA on July 9, 2009 at 4:51pm
-
free online videos/ books, Islamic TV Channels, lots of information about Islam, Muslims, Bible prophecies about prophet Mohammad, scientific facts in Quran, and stories of converts/ reverts to Islam.
The purpose of this site - Discovering Islam - is to enlighten the inquiring minds about Islam, by shedding light on the beliefs and practices of the 1.5 billion Muslims around the world. Islam is a universal religion and open to people, from all races, colors, ethnicities, and nationalities. Hundreds of thousands of people are converting/reverting to Islam each year.
are you interested by islam
visit :
www.discoveringislam.ning.com
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Comment by 50CENT-SOJA on July 9, 2009 at 4:51pm
-
free online videos/ books, Islamic TV Channels, lots of information about Islam, Muslims, Bible prophecies about prophet Mohammad, scientific facts in Quran, and stories of converts/ reverts to Islam.
The purpose of this site - Discovering Islam - is to enlighten the inquiring minds about Islam, by shedding light on the beliefs and practices of the 1.5 billion Muslims around the world. Islam is a universal religion and open to people, from all races, colors, ethnicities, and nationalities. Hundreds of thousands of people are converting/reverting to Islam each year.
are you interested by islam
visit :
www.discoveringislam.ning.com
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Comment by 50CENT-SOJA on July 9, 2009 at 4:50pm
-
free online videos/ books, Islamic TV Channels, lots of information about Islam, Muslims, Bible prophecies about prophet Mohammad, scientific facts in Quran, and stories of converts/ reverts to Islam.
The purpose of this site - Discovering Islam - is to enlighten the inquiring minds about Islam, by shedding light on the beliefs and practices of the 1.5 billion Muslims around the world. Islam is a universal religion and open to people, from all races, colors, ethnicities, and nationalities. Hundreds of thousands of people are converting/reverting to Islam each year.
are you interested by islam
visit :
www.discoveringislam.ning.com
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Comment by 50CENT-SOJA on July 9, 2009 at 4:50pm
-
free online videos/ books, Islamic TV Channels, lots of information about Islam, Muslims, Bible prophecies about prophet Mohammad, scientific facts in Quran, and stories of converts/ reverts to Islam.
The purpose of this site - Discovering Islam - is to enlighten the inquiring minds about Islam, by shedding light on the beliefs and practices of the 1.5 billion Muslims around the world. Islam is a universal religion and open to people, from all races, colors, ethnicities, and nationalities. Hundreds of thousands of people are converting/reverting to Islam each year.
are you interested by islam
visit :
www.discoveringislam.ning.com
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