The New York businessman known in the hip-hop world as "Jacob the Jeweler" was sentenced Tuesday to 2 1/2 years in federal prison for lying to investigators looking into a multistate drug ring.
Jacob Arabov, 43, pleaded guilty in October to falsifying records and giving false statements as part of a deal with federal prosecutors, who asked U.S. District Judge Avern Cohn to impose a minimum sentence of three years and one month.
But Cohn decided to shave off seven months from that recommendation, citing Arabov's extensive charity work.
Cohn also ordered the Russian immigrant to pay a $50,000 fine and to make a $2 million forfeiture payment to the government.
Jacob Arabov, 43, pleaded guilty in October to falsifying records and giving false statements as part of a deal with federal prosecutors, who asked U.S. District Judge Avern Cohn to impose a minimum sentence of three years and one month.
But Cohn decided to shave off seven months from that recommendation, citing Arabov's extensive charity work.
Cohn also ordered the Russian immigrant to pay a $50,000 fine and to make a $2 million forfeiture payment to the government.
Ouch...don't fuck with the feds
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