Wyclef owes Jacob for Bling…

I guess that he is trying to collect on all debts before he surrenders to do that federal time in the pen. Might have to ask Mrs. Jean where the bling is at? And paying for bling is so yesterday.

Come on 'Clef time to pay up for that shiny watch there!!

Come on 'Clef time to pay up for that shiny watch there!!

via AP

NEW YORK (AP) — The company founded by the New York businessman known in the hip-hop world as “Jacob the Jeweler” has sued Wyclef Jean, claiming he owes money for watches and jewelry he bought.

Convicted jeweler Jacob Arabove is on the hunt for $ 300,000 from Wyclef Jean

Convicted jeweler Jacob Arabove is on the hunt for $ 300,000 from Wyclef Jean

Jacob and Company Incorporated says in Manhattan court papers filed Tuesday that the hip-hop star bought several items between March 2002 and January 2006 for $765,100. The company says Jean still owes $319,680, despite “repeated demands for payment.”

Several representatives for Jean didn’t immediately respond to e-mails requesting comment.

The company’s founder, Jacob Arabov, was sentenced in June to 2 1/2 years in federal prison for lying to investigators of a multistate drug ring.

Arabov was known as the “king of bling” to customers who included Madonna, Elton John and Kanye West.

UPDATE: Jacob the Jeweler’s Lawyer Releases Statement

Jacob the Jeweler

via Vibe

UPDATE: Jacob’s lawyer releases statement to VIBE.
Benjamin Brafman, the attorney of famed jeweler Jacob Arabov, a.k.a. Jacob the Jeweler, has released a statement to VIBE concerning Arabov’s sentencing today.

Arabov will serve 2 1/2 years in prison for lying to federal agents investigating Black Mafia Family. Arabov was accused of laundering about $270 million in drug profits for BMF, a drug ring that started in Detroit. For seven years Arabov was investigated, the AP reports.

In October Arabov pleaded guilty to falsifying records and giving false statements after striking a deal with federal prosecutors for a minimum sentence of three years and one month.
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