By John Ochoa

Jacob "The Jeweler" Arabov, New York diamond and jewelry merchant known for supplying an all-star clientele of rappers with blindingly flashy bling, is suing Wyclef Jean, claiming the rapper owes him money for watches and jewelry he purchased between March 2002 and January 2006, according to The Associated Press.

Jacob and Company Inc. claims in papers filed Tuesday that the former Fugee bought $765,100 worth of goods and still owes close to $320,000, according to the report.

Last month, Arabov was sentenced to federal prison for two and a half years after lying to investigators about his role in a multistate drug ring.

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Jay-Z

A New York federal judge approved a class-action suit against the 40/40 Club in Manhattan on Tuesday, after a lawyer for a group of waiters at the restaurant argued that the nightclub, which is co-owned by Jay-Z, had violated federal minimum-wage laws by withholding paychecks from the workers.

According to the suit, some former and current 40/40 employees claim they were not paid for overtime, were forced to pay for bottle breakages out of their own pockets and were told they had to pick up the tab on patrons who walked out without paying.

There are currently 20 workers involved in the suit, but their lawyer, Maimon Kirschenbaum, told MTV News that Manhattan Federal Judge Loretta Preska's ruling on Tuesday could open the door for potentially "hundreds" of others to join the suit.

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