The remarkable story of the Chinese immigrant Sung family, owners of Chinatown's Abacus Federal Savings. Following the 2008 financial collapse, Manhattan District Attorney Cyrus R. Vance, Jr. charged Abacus with mortgage fraud, making it the only U.S. bank to face criminal prosecution. The Sung family is forced to defend themselves–and their bank's history in the Chinatown neighborhood–over the course of a five-year legal struggle as a result of the indictment and following trial.
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The remarkable story of the Chinese immigrant Sung family, owners of Chinatown's Abacus Federal Savings. Following the 2008 financial collapse, Manhattan District Attorney Cyrus R. Vance, Jr. charged Abacus with mortgage fraud, making it the only U.S. bank to face criminal prosecution. The Sung family is forced to defend themselves–and their bank's history in the Chinatown neighborhood–over the course of a five-year legal struggle as a result of the indictment and following trial.
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