The celebrity jeweler known in the hip-hop world as "Jacob the Jeweler" plans to offer a guilty plea in a deal with prosecutors over a federal money laundering case, a spokesman said Wednesday.

Jacob Arabov, a Russian immigrant, will plead guilty at an afternoon hearing in Detroit to two counts of making false statements to investigators, said Gerald McKelvey, a spokesman for Arabov. He is expected to face between 37 and 52 months behind bars. In exchange, prosecutors are expected to drop money laundering charges in the case, McKelvey said. - more on this story

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