Wyclef Sued For $300K By Jacob The Jeweler
First Published: July 30, 2008 1:51 PM EDT Credit: AP
NEW YORK, N.Y. -- The company founded by the New York businessman known in the hip-hop world as “Jacob the Jeweler” has sued Wyclef Jean, claiming he owes money for watches and jewelry he bought.
Jacob and Company Incorporated says in Manhattan court papers filed Tuesday that the hip-hop star bought several items between March 2002 and January 2006 for $765,100. The company says Jean still owes $319,680, despite “repeated demands for payment.”
Several representatives for Jean didn’t immediately respond to e-mails requesting comment.
The company’s founder, Jacob Arabov, was sentenced in June to 21/2 years in federal prison for lying to investigators of a multistate drug ring.
Arabov was known as the “king of bling” to customers who included Madonna, Elton John and Kanye West.
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