Pursuits
Gold Trader Zarrab Seeks Release in U.S. on $50 Million Bond
- Turkish-Iranian man accused of helping Iran launder money
- Zarrab was at the center of a bribery scandal in Turkey
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A Turkish-Iranian gold trader, facing U.S. charges that he helped the Iranian government launder hundreds of millions of dollars and evade American sanctions, asked a federal judge to treat him like con man Bernie Madoff and allow him to be placed under house arrest.
Reza Zarrab, 33, who was at the center of a bribery scandal that engulfed Turkey’s leadership, asked to be released on $50 million bond, according to court documents filed Wednesday. He offered to pay for private security guards who could watch him round-the-clock and remain in New York with GPS monitoring. He’s been in U.S. custody since March 21 when FBI agents arrested him in Florida just as he arrived for a family trip to Disney World.