Jailhouse Rock

"Jacob the Jeweler" has pleaded guilty. Some may recall that:

Arabov, 42, was arrested in June 2006 at his Manhattan jewelry shop. Authorities accused him and others of conspiring to launder about $270 million in drug profits for the "Black Mafia Family," a ring that operated out of the Detroit area beginning in the early 1990s.

The 7-year investigation resulted in the indictments of Arabov and 41 other people, Murphy's office said. Twenty-eight have pleaded guilty, eight are scheduled for trial Nov. 19 and the whereabouts of six others are unknown.

Federal authorities have said about 1,100 pounds of cocaine and $19 million in cash and other assets were seized beginning in 2000.