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Judge Gives Zarrab Time Served as US Drops Halkbank Case

7/15/2026

Summary

Story summary

Judge Richard Berman sentenced Reza Zarrab to time served as Justice Department dropped the Halkbank case tied to Turkey’s Israel-Hamas ceasefire mediation.
Prosecutors said Zarrab’s truthful cooperation secured Mehmet Hakan Atilla’s conviction.
Recep Tayyip Erdogan called the case unlawful and ordered seizure of Zarrab’s $172 million property.
Zarrab forfeited a $288,690 boat and $88,103 cash while Judge Berman declined a fine because Zarrab is unemployed and has negative net worth.

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Story summary

Judge Richard Berman sentenced Reza Zarrab to time served as Justice Department dropped the Halkbank case tied to Turkey’s Israel-Hamas ceasefire mediation.
Prosecutors said Zarrab’s truthful cooperation secured Mehmet Hakan Atilla’s conviction.
Recep Tayyip Erdogan called the case unlawful and ordered seizure of Zarrab’s $172 million property.
Zarrab forfeited a $288,690 boat and $88,103 cash while Judge Berman declined a fine because Zarrab is unemployed and has negative net worth.