News: Jacob the Jeweler Freed From Prison, Continues Sentence In Halfway House
Monday, Apr 5, 2010 5:50PM
Popular hip-hop jewelry maker Jacob "The Jeweler" Arabov was reportedly sent to a halfway house last month.
Jacob, who was convicted of money laundering in 2008 went to a halfway house in late March.
Jacob the Jeweler was transferred from federal prison to a halfway house on March 25. The King of Bling, 44, real name Jacob Arabov, was sentenced in 2008 to 2Â½ years for lying to investigators probing money laundering by Detroit's Black Mafia gang. The judge cut the sentence by seven months citing Jacob's good works for charity. Arabov, who is given shout-outs in 62 different rap songs, is scheduled for full release in September. Meanwhile, during the day he can help wife Angela run Jacob & Co. He just has to return to the "residential re-entry facility" each night. (New York Post)
He was originally sentenced in the summer of 2008.
Arabov faced a maximum of 46 months behind bars for withholding information on jewelry he obtained from alleged Black Mafia Family (BMF) co-founder and drug dealer Terry Flenory. Pleading guilty last October 2007, the 42 year-old was sentenced to 30 months with an additional $50,000 fine earlier today, June 24, 2008. (Detroit Free Press)
The arrest took place in 2006 after he was allegedly in connection with the "Black Mafia Family."
Arabov, 43, a Russian immigrant, was arrested in 2006 at his E. 57th St. jewelry store and charged with conspiring to launder about $270 million for the sprawling Detroit-based "Black Mafia Family" crack ring. He was one of dozens arrested in a seven-year federal investigation. The feds also seized 1,100 pounds of cocaine and $19 million in cash. (New York Daily News)
No further details have been revealed as of now.