New York's 'Jacob the Jeweler' Sues Wyclef Jean for Defaulting on Dues

The company founded by the New York businessman known to rappers as "Jacob the Jeweler" has sued Wyclef Jean, claiming he owes money for watches and jewelry he bought.

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."

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.

Several representatives for Jean did not immediately respond to e-mails requesting comment.