The company's founder, Jacob Arabov, was sentenced in June to 2 1/2 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.
Jewelry company sues Wyclef Jean
NEW YORK Jacob & Co. Inc. says in Manhattan court papers filed Tuesday
that the hip hop musician 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."
