Reza Zarrab

Reza Zarrab, a businessman who admitted helping Iran evade U.S. sanctions through gold trades with a Turkish bank, will not face additional prison time after cooperating with U.S. investigators. His case strained U.S.-Turkey relations as Turkish President Recep Tayyip Erdogan publicly opposed the allegations, claiming they were part of a U.S. plot against Turkey.

Reza Zarrab, a key cooperating witness in the U.S. government's investigation into Turkey's Halkbank's alleged role in Iran sanctions evasion, avoided prison time and was sentenced to time served. U.S. District Judge Richard Berman ordered the sentence, with prosecutors emphasizing his cooperation in the case.

Reza Zarrab, a key witness in the U.S. investigation into Halkbank's alleged Iranian sanctions evasion, was sentenced to time served. The U.S. dropped the case against Halkbank due to Turkey's role in brokering the Israel-Hamas ceasefire. Zarrab had pleaded guilty in 2017 and testified against Turkish officials, including implicating Recep Tayyip Erdogan.

U.S. prosecutors are seeking leniency for Turkish-Iranian businessman Reza Zarrab, who admitted to helping Iran evade sanctions and provided key testimony in a 2017 trial that strained U.S.-Turkey relations. Zarrab's cooperation included exposing bribes to Turkish officials and facing threats and asset freezes from Turkey after his testimony.

U.S. prosecutors credit Turkish-Iranian gold trader Reza Zarrab for providing key testimony in a 2017 trial against a Turkish banker, which strained U.S.-Turkey relations. Zarrab admitted to helping Iran evade sanctions and faced threats and asset freezes from Turkey after cooperating with U.S. authorities. The U.S. government recently dismissed a case against Turkey's Halkbank amid improved ties between President Recep Tayyip Erdogan and Donald Trump.

Reza Zarrab, a cooperating witness in the U.S. government's investigation into Halkbank's alleged role in Iran sanctions evasion, is set to be sentenced on July 14, nearly nine years after pleading guilty. Sentencing delays for cooperating witnesses are common in U.S. criminal cases until related trials conclude.