Jacob Arabov, better known as Jacob “The Jeweler”, was sentenced to 2 ½ years in prison in a the dirty drug money through his various legitimate businesses. Arabov was charged with conspiring to launder $270 million in drug profits. As part of his plea deal, he admitted to falsifying records and giving false statements to federal prosecutors, in exchange for the dismissal of the money laundering charges. The judge said he gave Arabov such a light sentence due to his past charitable work and several letters or recommendation by some of his high society clientele. The Jeweler himself made a statement saying he was deeply ashamed of his actions and has learned a lesson from it all. “I feel ashamed that I broke the laws of this country, a country that has been so good for me,” Arabov said at the sentencing. “I will carry this shame for the rest of my life.”
No Comment