Jacob Arabov aka Jacob The Jeweler forfeited $2 million in illegal funds, as a part of a plea deal for a lesser prison sentence for laundering drug money. Jacob was sentenced to 2 1/2 years in prison last June after pleading guilty in October 2007 to falsifying records and giving false statements, in connection with a multi-state drug ring known as the Black Mafia Family (BMF). He allegedly helped launder around $270 million in drug profits for the criminal organization. Most of the drug money appropriated by authorities will remain in the Detroit area and used by law enforcement agencies.
