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June 15, 2006
Report: Jacob & Co. Founder Arrested
Jacob & Co. founder Jacob Arabo was arrested at his New York store on Thursday, according to WWD.
The jewelry entrepreneur was indicted with 15 other individuals for violating federal drug laws, including money laundering.
Arabo was also charged with giving jewelry to accused drug offenders, according to the report.
Jacob & Co. is knows for its elaborate diamond jewelry and watches.
Posted by Blacks on June 15, 2006 01:34 PM
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