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BREAKING: SDNY charges Turkish state-run bank Halkbank in sanctions violations in connection with the record-breaking money-laundering scheme to Iran executed by gold trader Reza Zarrab.

Zarrab was the client whose release Giuliani pushed for between Trump and Erdogan.
This is how the 45-page indictment begins. Uploading it now.

Look out for a story on this soon at @CourthouseNews.
@CourthouseNews SDNY prosecutors charge the bank with six counts, including money laundering, bank fraud, and conspiracy counts.

Doc: justice.gov/usao-sdny/pres…
@CourthouseNews Since this was believed to be a multibillion-dollar conspiracy, the fine to the Turkish state-run bank could be quite large.

Background, from May 2018: courthousenews.com/turkish-market…
@CourthouseNews More on Rudy Giuliani's representation of Zarrab, whose shell company Royal Holdings had a unit in Trump Towers Istanbul and was linked to the scheme.

This story was published last year, before last week's revelations of the Oval Office meeting with Rex. courthousenews.com/on-the-bench-i…
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Adam Klasfeld
@KlasfeldReports
The Second Circuit's panel for next Wednesday's arguments is Trump v. Vance is now on the website.

Chief U.S. Circuit Judges Robert Katzmann is on it.

Judges Denny Chin and Christopher Droney, both former federal prosecutors, are the other two members.
Some years ago, Judge Chin told me about how he ran the New York City Marathon to recover from triple-bypass, open-heart surgery. (I was marathon training at the time.)

Inspirational interview with a pathbreaking jurist. courthousenews.com/at-fork-in-roa…
Public Service Announcement
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Adam Klasfeld
@KlasfeldReports
Trump's 2015 remark of his "conflict of interest" in Turkey has been well-quoted. What he told Steve Bannon shortly after was largely forgotten:

“Turkey looks like they’re on the side of ISIS, more or less, based on the oil."

My latest, @CourthouseNews courthousenews.com/trump-saw-turk…
@CourthouseNews The surreal first words Trump told his then-future campaign chief Steve Bannon on Breitbart, in his Dec. 1, 2015 interview, summarized:

* "I have a little conflict of interest" in Turkey.
* Its leader Erdogan is "strong."
* Turkey's "on the side of ISIS." soundcloud.com/breitbart/brei…
@CourthouseNews This story is a bit of a long read, but it quotes some top Turkey experts to unpack recent events in their political and historical backdrops.

They explain why Trump's been distancing himself from his approval of the Turkish operation last week. courthousenews.com/trump-saw-turk…
Read 3 tweets
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Adam Klasfeld
@KlasfeldReports
Closing arguments are ongoing today in a drug-trafficking case that implicated Honduras' president in taking bribes from El Chapo, inside a federal courtroom in New York.
Clumsy modifier there: The arguments are inside SDNY, not El Chapo’s alleged bribes, which would have been quite a logistical caper.

Hope the sentence was otherwise clear.
The agreement would be to send asylum-seekers back to those countries, including one U.S. prosecutors have depicted as effectively a violent narco-state.
Read 3 tweets

Related threads

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Karol Cummins
@karolcummins
Trump Officials Press for a Cease-Fire After Turkish Incursion in Syria

Or is horrific debacle nothing more than a ruse to avid levying sanctions on Turkey?

#Halkbank #Zarrab #Gulen #Giuliani #Flynn #TurkeyGate

nytimes.com/2019/10/17/wor… via @NYTimes
#TurkeyGate

TeamTrump & Erdogan’s interests are so intertwined from Fethullah Gülen kidnapping op (Flynn & Giulani) to the Zarrab/Halkbank scandals.
Also Ballard Partners lobbying efforts for Halkbank Trump’s direction to Mnuchin & Barr re Halkbank case

2018 Ballard Partners, which has close ties to the Trump administration, has signed on as DC representative for Turkiye Halk Bankasi AS (HalkBank) the Turkish state-owned bank, on financial services matters. 

odwyerpr.com/story/public/1…
Read 20 tweets
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Benjamin Weiser
@BenWeiserNYT
1/ “This is one of the most serious Iran sanctions violations we have seen” - U.S. Justice Dept. official on indictment of Turkey's Halkbank on sanctions violations. Important development via @EricLiptonNYT nyti.ms/32kU7lU
@EricLiptonNYT 2/ The charges against Halkbank come as Trump's administration "sought ways to project that it was taking a tough line with Turkey after Trump effectively signaled this month that the United States would not stand in the way of Turkey’s desire to send forces into northern Syria."
@EricLiptonNYT 3/ If the Halkbank case goes to trial in N.Y., it could mean a return to the witness stand for Reza #Zarrab, the Turkish-Iranian gold trader who pleaded guilty, has been cooperating with the U.S. and testified against a bank official, Hakan Atilla, who was convicted last year.
Read 9 tweets
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Karol Cummins
@karolcummins
💣TurkeyGate💣

What do money laundering, evading Iran Sanctions/Nuke the Nuke Deal, Trump, Flynn, Giuliani, Mukasey, Brian Ballard (lobbying), Erdogan, Zarrab, MbS, Khoshoggi, Pastor Brunson, Syria, the Kurds & Lindsey Graham have in common?

Let’s have a look shall we?
📌Note: Lindsey Graham dishes on Trump in hoax calls with Russians proved quite illuminating revealing his private vs public face on some of this matters regarding Turkey.

politico.com/news/2019/10/1…
📌The substance of Graham’s convo w/ Stolyarov, who was posing as Turkish Defense Minister Hulusi Akar, is newly relevant in light of the Graham’s push for sanctions on Turkey as punishment for their offensive against the Kurds in northern Syria. politico.com/news/2019/10/1…
Read 56 tweets
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WaterBluSky
@MsMariaT
In the Age of Trump, Judge Reflects on D’Souza and the ‘New Rudy’ #Zarrab courthousenews.com/on-the-bench-i…
Rudy hired to be the go-between between Trump and Erdogan - per Judge Berman:
Evidence in Zarrab case indicates Rudy’s (old) firm, Greenberg Traurig acted as a foreign agent. (Which, they were on a #FARA for since 2014.)
Read 43 tweets
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Dr. Dena Grayson
@DrDenaGrayson
🚨BREAKING: @realDonaldTrump pressed Rex Tillerson to help persuade DOJ to drop a criminal case against Rudy Giuliani's client, Iranian-Turk Reza Zarrab, charged w/evading US #sanctions against #Iran.

Rexxon refused b/c it was ILLEGAL & Zarrab cut a deal.
bloomberg.com/news/articles/…
@realDonaldTrump Zarrab cut a deal and testified that a Turkish state-owned bank laundered BILLIONS for #Iran, helping them evade #sanctions, and Erdogan knew of and supported laundering cash for #Iran.🤬

Turkey has so far managed to avoid US penalties over the sanctions-evasion scheme.🙄
@realDonaldTrump More LIES and projection by Trump, who falsely accused @BarackObama of being "soft" on #Iran, yet Trump has schemed to give #Turkey (and his pal Erdogan) a pass for helping #Iran launder BILLIONS, in direct violation of #sanctions.

Total #corruption.🤬
Read 3 tweets
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𝙰𝚗𝚊𝚋𝚎𝚕𝚕𝚎
@DemocracyJourno
Breaking —

Trump pressed Rex Tillerson to help persuade the DOJ to drop a criminal case against an Iranian-Turkish gold trader, Reza Zarrab, who was a client of Rudy Giuliani, according to three people familiar with the 2017 meeting in the Oval Office.
bloomberg.com/news/articles/…
Read 5 tweets

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