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King of Bling from the City of Stone

Posted by Rumil | in Uncategorized | on June 17th, 2006
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The New York Post has an interesting article about one of the most succesful Uzbek immigrants-Yakov Arabov A.K.A. Jacob “The Jeweler” Arabo.

The famed Manhattan purveyor of diamond-encrusted “bling” to Madonna, Diddy, hoop star Allen Iverson and other celebs was busted yesterday on charges he helped two coke kingpins launder some of their $270 million in dirty drug profits by selling them jewelry.
Jacob “The Jeweler” Arabo received “large sums of currency” for various pieces of jewelry from the leaders of the so-called Black Mafia Family drug ring and their flunkies, according to a Detroit federal-court indictment unsealed yesterday that also charges 15 others with drug and laundering crimes.

The 41-year-old Uzbeki immigrant, born Jakov Arabov from Tashkent, then either failed to file tax forms required for business transactions totaling more than $10,000, or submitted false tax forms that declared the purchasers were people other than the actual buyers, the indictment claims.

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