Jacob the Jeweler Sues Wyclef Jean for $300,000

Jacob the Jeweler, real name Jacob Arabo, will report to a federal prison in January to begin serving his 30-month sentence for money laundering and other federal offenses. But until then, Jacob is calling in all favors and moneys owed by his celebrities friends.

Jacob doesn’t have much time, so he’s suing customers who fail to ante up the cash they owe for jewels they bought but never paid for. One such customer is rapper/producer Wyclef Jean whom Jacob says owes him approximately $300,000 in unpaid jewelry purchases.

In a lawsuit filed in a Manhattan court Tuesday (7/29), Jacob and Company Incorporated claims between March 2002 and January 2006, the 35-year-old musician purchased $765,100 worth of assorted ornaments, including several watches, but only paid half of the price. Jean apparently still owes the company $319,680 despite “repeated demands for payment.”

At least we know Wyclef’s bling is the real deal.

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