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Iranian-Turkish Businessman Seeks Bond in Sanctions Evasion Case

Lawyers for an Iranian-Turkish national arrested in March on charges of conspiring to evade U.S. sanctions against Iran have asked a federal court to set a $50 million bond for his release until trial. Reza Zarrab is one of three people charged in what prosecutors allege was a five-year scheme involving millions of dollars in transactions on behalf of the Iranian government and businesses. Iran has been under various U.S. economic sanctions since 1979 that bar transactions involving...

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