Jacob the Jeweler to Bling it Behind Bars

6/24/2008 1:54 PM PDT

Jacob the Jeweler to Bling it Behind Bars

Can you ice out a prison cell? Hip-hop bling king Jacob the Jeweler has just been sentenced to two and a half years in the federal pen for lying to investigators looking into a multi-state drug ring.

43-year-old Jacob Arabov copped a plea last October to doctoring records and lying to the Feds.

In court Jacob said, "I feel ashamed that I broke the laws of this country, a country that has been so good for me. I will carry this shame for the rest of my life."

Cops arrested the jeweler in 2006 at his Manhattan shop on charges he and several others conspired to launder roughly $270 million in drug profits.