AP: 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.
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