JACOB THE JEWELER PLEADS GUILTY

Jacob "The Jeweler" pleaded guilty on Wednesday to falsifying records and giving false statements to investigators looking into a multistate drug ring.

Arabov was arrested at his New York jewelry store in June 2006 and accused of being part of a conspiracy to launder about $270 million in drug profits for the Black Mafia Family, a crime ring that operated out of the Detroit area beginning in the early 1990s.

D*mn Jacob....