12/6/2023 0 Comments Abacus bank chinatownShe and her sisters Jill and Vera will visit Princeton and after the movie, serve on a Q&A panel moderated by Professor Beth Lew-Williams and Joyce Chen Shueh '96. Of the four Sung sisters, three were trained as lawyers, the fourth a physician - including Jill Sung, the bank’s chief executive, and Vera Sung, a director of the bank - and Chanterelle ‘00 who ironically once worked in the district attorney’s office that prosecuted the case. 14 Abacus jobs available in Oceanside, NY on. The indictment and subsequent trial forces the Sung family to defend themselves – and their bank’s legacy in the Chinatown community – over the course of a five-year legal battle."Ĭhanterelle Sung '00 plays herself in this Oscar nominated documentary. Abacus Federal Savings Bank, a small bank with a major presence in New York City’s Chinese community, and 19 of its former employees have been charged with. at the bank’s headquarters, a brown-brick building on the Bowery in New York’s Chinatown between a. I am proud to support Dan for District Attorney. bank to face criminal charges in the wake of the 2008 financial crisis. Abacus Bank in Chinatown's ordeal Abacus: Small Enough to Fail at the Chicago International Film Festival Abacus: Small Enough to Jail Mark Mitten is producer of Abacus Steve James documentary on Abacus Thomas Sung family and their fight against the U.S. Abacus is a small bank, catering mostly to Chinese immigrants. 133 Banking Customer Service jobs available in Meat Packing District, NY on . Quart stood up for Abacus Bank and against the unfair treatment by the Manhattan DA’s office before it was easy or popular, Liu said. ![]() ![]() Sung wanted to give Chinese immigrants who couldn't get the time of day elsewhere the opportunity to build a life and build credit. Accused of mortgage fraud by Manhattan District Attorney Cyrus R. Abacus Bank was founded in Chinatown in 1984 by Thomas Sung, a real estate developer and lawyer. Where: Princeton University, Whitman College Theatreįrom Steve James - Director of Hoop Dreams and Life ItselfĪBACUS: small enough to jail tells the incredible saga of the Chinese immigrant Sung family, owners of Abacus Federal Savings of Chinatown, New York. Workers and their supporters protest the impending closure of Chinatowns Jing Fong restaurant dining room outside its landlord East Bank. Read about Abacus Bank’s story in The New York Times and Crain’s New York Business.2018 ACADEMY AWARD® NOMINEE - BEST DOCUMENTARY FEATURE Abacus Federal Savings Bank customers weren’t only worried about the pandemic, but the rise in violence against the Asian community. PRCG worked with media, lawyers and the bank’s executives to counteract the negative publicity for a small Chinatown bank with one of the lowest default rates in the country – a bank that had alerted regulators to potential mortgage fraud and fired the suspected employee immediately. The case featured a publicity-hungry prosecutor and the shackling of corporate defendants, chain-gang style, in leg irons as they were entering the courtroom. bank indicted as a corporate entity in the wake of the 2008 financial crisis. (Taibbi’s last investigative work gave birth to the film War Dogs. In Abacus: Small Enough to Jail, he explored the case of Abacus Federal Savings, a bank catering to New York’s Chinese immigrant community that became the only U.S. I remember reading the Matt Taibbi investigative piece on this case when it came out, which is in his book The Divide. Please call 21, press 4 then 1 to speak with a LIVE branch representative 7 days a week. PRCG led the communications effort for the bank, which - despite being a small bank with one of the lowest default rates in the country - was the only U.S. Abacus Bank will NEVER request through email, text, or unsolicited phone call your bank card number, account number, Social Security number, Personal Identification number (PIN) or password. This is a saga of the Chinese immigrant Sung family who own and run the Abacus Federal Savings Bank in New York’s Chinatown. ![]() The critically-acclaimed film aired on FRONTLINE in September, 2017. The bank was acquitted of all charges in 2015.Ībacus: Small Enough to Jail was nominated for Best Documentary at the 2018 Oscars. We are pleased to announce that a documentary on PRCG client Abacus Bank and its successful battle with the New York District Attorney’s Office to fight charges of mortgage fraud was nominated for an Academy Award.
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