A renowned jeweler to hip-hop stars and professional athletes, who has created luxury bling for everyone from Jay-Z to Bad Bunny to Diddy to MLB legend Derek Jeter, is accused of ripping off his onetime business partner – creator of a $12,000 pen inspired by The Godfather films – by nearly $3 million, according to court filings obtained by The Independent.
Jacob Arabo, who was given the moniker “Jacob the Jeweler” by late client Biggie Smalls, started out with a small booth in New York City’s Diamond District, and, following a 30-month prison stint for obstructing a federal drug investigation, today presides over a business with “well over” $150 million in annual revenue, watchmaker Vadim Lampert says in a lawsuit dated February 6.
