ITS ABOUT TIME TO GET LOCKED UP

Sadly, the verdict is in for famed gangster I mean money embezzler Jacob Arabov of Jacob & Co. It appears this jeweler to the stars who is the mastermind behind the Oh so complicated five timezone watch in primary colors is being sentenced to two and a half years in prison which is scheduled to begin on January 15, 2009. The reason? Well, last year the jeweler plead guilty to giving false info and lying to the feds about money laundering $270 million in profit with others in drug trafficking in which those charges were dropped by the prosecution in exchange for the guilty plea. In my opinion he is being let off really easy, the judge has ordered him to pay a $50.000 fine and he has to cough up another $2 million in forfeiture to the government along with his two and a half year prison sentence which I am sure will get reduced based on who he is and how much he pulls up his socks!

My absolute favorite part in all of this is that he stated "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." I mean come on! As if I am sure when he was in his country it would be completely lawful to do what he did. Well despite the compelling statement he made, its really sad how money, greed and power could lead to such an awful turn of events.

Jacob, even though he is not my favorite character in the world because his lack of ethics and partial respect for true watchmaking, built an absolute empire with a vision and made millions doing it legally with the most incredible A-list celebrities endorsing his dream so we thought, but lets not be naive people, because of his dirty shady illegal activity and blatant greed factor its about time he got locked up! But just when you think its over you can pretty much bet this experiance will make him even more famous than he already is and probably be the best thing he ever did totally reinventing his career.

pic courtesy of www.nymag.com