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
-
Comment by Joe Pro on July 9, 2009 at 4:44pm - My nigga Bailout Money below me hit it on the spot.
-
Comment by Bailout Money on July 9, 2009 at 4:40pm - So they let them sell drugs to their own black communities destroying them and then when the dealers get rich off it they arrest him, seize his assets, then distribute the illicit funds the drug dealer made amongst themselves and other law enforcement agencies? Damn! Sounds like a win win scenario for these white govenment guys. Destruction and profit!
-
Comment by TRACKWRITERZ on July 9, 2009 at 4:35pm -
Woooowzzzz...
If You Like Nikki Minaj, U Got Here this Girl Spit!!!
Please Support Her, Sign in to youtube.com and leave comments, Become part of the Movement of Real Talent!! G-Unit Remixes and 50-Cent Remixes Coming!!
T.I. "What's Up, What's Happenin" (feat. Angelina)-Remix!!
http://www.youtube.com/watch?v=Q1F9wGvS6Mk&feature=related
T.I. "What's Up, What's Happenin" (feat. Angelina)-Remix!!
http://www.youtube.com/watch?v=Q1F9wGvS6Mk&feature=related
Visit Angelina..
www.myspace.com/angelinamusicworldwide
www.twitter.com/angelinaonline
www.trackwriterzlabelgroup.com
PARTNERS
KING PENN - www.myspace.com/kingpennbeetz
DIOR - www.myspace.com/diorworldwide
TRACKWRITERZ - www.myspace.com/trackwriterz
-
Comment by T-MaL on July 9, 2009 at 4:29pm - no matter how much money you get or how long you get it for, if you in the drug game somebody gonna snitch on u
-
Comment by Concisekwill on July 9, 2009 at 3:47pm - Ball hard for 15 years then have to do 30 years in the booty house!? That's a hell of a trade off.
-
Comment by Shawn Estavon on July 9, 2009 at 3:38pm - they really got stupid and out of control in the end they had billboards in atl saying bmf we run the world,spending 100 stacks in strip clubs, rolling up to the club 5 lambos in a row, also making dvd's on how much money they got knowing dame well they aint paying no taxes come the fuck on all in rappers videos shining more than them kicking it with the mayor all thugged out what you expect that dam ego is a motha having niggas thinking i cant get caught or i got enough money to if something happen im good straight dummmmmm
-
Comment by KEIZER SOZE on July 9, 2009 at 3:31pm - YEAH (E) COCAINE COWBOYS 2 HUSTLIN WITH THE GODMOTHER (GRISELDA BALNCO) CHARLES COSBY GOT LUCKY WITH THAT CONNECT THOUGH (LOL)
-
Comment by MS LOLLIPOP NO Y JUST I on July 9, 2009 at 2:57pm - damn hommie in high school you was the man hommie "fuck happen to you"
-
Comment by E on July 9, 2009 at 2:39pm - DIESEL ANDRETTI... U BETER GO WATCH COCAINE COWBOYS & LOOK UP BIG IKE, CONVERTIBLE BURK, COSBY, BO DIDLEY ETC.... ALL MIAMI DOPE BOYZ. FROM THE 70'S & 80'S. BMF WAS SOME REAL DOPE BOYZ FO SHO BUT THEY WERE NOT AND DETRIOT NIGGAZ R NOT THE ORIGINAL DOPE BOYZ!!! THAT SHIT CAME FROM COLUMBIA AND THE PORT OF MIAMI. THEN SHIPPED UP NORTH! FUCK RICK ROSS THE RAPPER! IM TALKIN ABOUTH THE REAL PORT OF MIAMI. OH YEAH IM A REAL MIAMI NIGGA, STRAIGHT FROM SCOTT PROJECTS IN LIBERTY CITY.
-
Comment by CAMPOSTELLA RD. on July 9, 2009 at 2:38pm - 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!
Welcome to
ThisIs50.com : IF IT'S HOT IT'S HERE!
The #1 Entertainment Blog Community! "BEFORE I SELF DESTRUCT" OUT NOW! JOIN and become a member to access exclusive content!
ad
Badge
Latest Activity
Forum
Post Your Blog Entry Here
You think you can write?
You think your blog deserves coverage?
Are you always up on the new music, rumors, pictures and videos before everyone else?
Shine on THISIS50.COM, and get YOUR blog entry featured on the front page...
Paste a link to your blog here
We will feature the best ones on the blog on the home page of Thisis50.com
No need to put it many times!! 1 time is enough .. our team will review this discussion many times a day
1 discussions
Post Your Discussion Here
You think you have interesting topics to share?
You think your discussion is worth being on top of the forums?
Do you post exclusive or funny content before everyone else?
Shine on THISIS50.COM, and get YOUR discussion entry featured on the top of the forums...
Paste a link to your discussion here.
We will feature the best ones on the top on the forums on Thisis50.com
No need to put it many times!! 1 time is enough .. our team will review this discussion many times a day.
Also, if you see any spam on the forums, you can let us know here and we will take care of it.
Note: Every few days discussions get unfeatured and new ones get featured, so no need to ask us why it's not on top anymore ;)
1 discussions
Ask 50 Cent a question
Here is the OFFICIAL category to post your questions for 50 Cent. He will answer them LIVE any time he wants on the INTERACT section: Watch 50 Cent LIVE
1 discussions
ad
© 2010 Created by 50 Cent
You need to be a member of ThisIs50.com : IF IT'S HOT IT'S HERE! to add comments!
Join this Ning Network