(MENAFN - The Journal Of Turkish Weekly) A U.S. court has ruled to start the trial of Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami in March for attempting to evade U.S. sanctions on Tehran, on Jan. 23 next year. The decision on June 20 came after U.S. District Judge Richard Berman in Manhattan denied bail on June 16 to Zarrab, who had applied to live in a lavish Manhattan apartment on a 50 million bond with private armed guards before going on trial.

WASHINGTON- 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 U.S. entities and those related to Iran and its government. Those are different from the more recent sanctions put in place in response to its nuclear program, which were lifted earlier this year.

By Sue-Lynn Moses (insidephilanthropy.com) - Let me know if you’ve heard this one before: With around 60 million people forcibly displaced from their homes due to conflict, the world is currently in the midst of the worst refugee crisis in history. We know—we beat the drum pretty loudly here at IP to bring increased attention to the global refugee crisis—often highlighting those funders that are paying attention and questioning those that aren’t. While most U.S. funders haven’t lifted a finger to help the world’s refugees, there are some notable exceptions—most recently, Tent.org, which offers rapid response grants for immediate refugee relief operations through the $1 million Tent Challenge. Additionally, the organization has managed to bring a group of corporate funders together to take the Tent Pledge.

The Schinasi Mansion at 351 Riverside Drive the 12,000-square-foot palace William Tuthill designed for a Turkish tobacco baron back in 1909 sold recently for a much-discounted $14M. Now public records have revealed the buyer to be Mark Schwartz, a vice chairman at Goldman Sachs. Schwartz will have to do a significant amount of work on the property, which the prior owners didn't do much with after purchasing it for $325K in 1979.