The jeweler was indicted in Detroit last year for allegedly helping the Black Mafia Family (BMF), an Atlanta based gang, launder over $270 million in drug money. He plead not guilty to the charges.
According to The Detroit Free Press, the U.S. Attorney’s Office ‘filed a so-called criminal information’ against Jacob today (October 26) charging him with ‘falsifying federal records and making false statements to agents’.
Benjamin Brafman, Jacob’s lawyer, said his client is an ‘honest citizen who used bad judgment in an attempt to conceal dealings with a small group of individuals’.
“I have always been blessed with good fortune and loving friends and family”, Jacob said in a statement. “I realize I have made a terrible mistake and I am ready to accept the consequences of my actions… My desire is to do whatever I can to atone for my wrongdoings and move ahead with the great business I havebuilt and the wonderful family that I love.”
Brafman also added that Jacob has accepted responsibility for his actions and hopes the judge will take his charitable efforts and business success into account during sentencing.
If a U.S. district judge agrees to the ‘criminal information filing’, Jacob would be sentenced next year and could face up to three years behind bars and a $2 million penalty.
Black Mafia Family, infamous in the Atlanta area, was formed by Demetrius “Big Meech” Flenory and his brother Terry “Southwest T” Flenory”, who both hail from Detroit. The Flenory’s were indicted and arrested on drug trafficking charges in 2005.
Known for their lavish lifestyle, BMF was well known in the hip-hop community for their alignment with rappers like Young Jeezy and Fabolous.
Earlier this month, Black Mafia Family affiliate and rapper Blue DaVinci was indicted for participating in the distribution of multiple kilos of cocaine worldwide’
Bleu Davinci was the only artist on BMF’s record label, BMF Entertainment, and took over the label’s reigns after Big Meech was sent to jail. Feds believe that the record label was a front for BMF’s cocaine trafficking.
COMMENTS
Man, i can't believe Jacob lied at first.. but he came clean.. u know Feds going to find out and its over and worse...
good shit... i guess no Jacob Jewels for a while and they going to Houston to shop at Paul Wall shop
good job jacob!
bitch ass niggaz
wonder if Jeezy had any parts in this, hmmm??
Very intresting Story....Whos gonna have the sickest watches when Jacob goes to jail? Fossil??
ROLEX always end of story
LEAVE THE FAM ALONT...FUKKIN GAY ASS HIPHOP COPS
thats bullshit i was first
damn dem Black Mafia niggas were doin it big, laundrin about 270 million dollars.
But i wish jacob good luck wit his shit.
yea they was crankin internationally but jacob in a shitty situation hope he stay up
he prolly gonna snitch on them dont kno hope jacob dont and leave it to the bodyguards.
Deeeeeetroit
MANN ALL DEM BMF NIGGAZ BE ON 8TH STREET 19TH IN EC0RSE
In The Words Of "Rick Ross".. (Spit This Sh#%$^ Like No One Else.."Blow Money Fast" Like BMF) Yes Sir..And Blow Is What It Was.. Ya Dig!!! I Seen Blue Davinci And The Crew Stuntin On Smack.. They Should Have Know The Hip Hop Police Was In The Building. Attetion All Hustlers Keep Your Money In Your Pockets In The Club..For Two Reasons 1). Jack Boyz Stay Present (Idont care how powerful your movment is cuz if they want you theyll get you) 2). The Hip Hop Police.. Dont Think They Dont Pay Attetion To How Much Bubbly You Poppin And Money You Spending...So For The Love Of MOney Please Be Careful Hsutlers !!!!!!
shit i didn't know fab went hard like that.
ey yo jacob, where the fuck is cam'ron?!
who cares hes mafia its all about being gangsta which he is know in the music industry.
fab prolly just chill wit the nigga blow some weed wit em not sell kilos wit em but who knows and jeezy you know jeezy was doin it big i seen a smack dvd the dude had like 30 machine guns and bleu davincci was in a few songs wit jeezy they tight
jeezy used 2 be in BMF
damn thats fucked up blu davinci was trash but i hope he beat dat case
THESE NIGGAS IS ALL GETTIN CAUGHT UP. GET IN AND GET OUT. THE KEY TO THE GAME
man t.v johnny is way better than jacob
if you a bubble gum gangster..
Jacob is an idiot..
Better that jeez and blu..check it www.myspace.com/bigram201