According to Jones, Blair, 46, met Esther Pilgrim in 2007 on an online dating site and convinced her to invest as a limited partner in his BMC Entertainment Company. Claiming to be working on his comeback album, he lied that he'd pre-sold 20,000 copies of the five-CD box set.
Soon Blair finagled Pilgrim's American Express and Bank of America credit card numbers and was using them to live lavishly with his wife.
Last week, $4 aired Pilgrim's story, in which she admitted she'd trusted Blair because of their similar backgrounds.
"I grew up in San Bernadino, California and so I knew of Tim Dog the rapper and his whole East Coast, West Coast rivalry in his music," she said.
Blair has received five years of probation and must pay $19,000 to Pilgrim within that time, Jones reports.