“Reporters in this town were treated to this extraordinary photo opportunity, this almost Stalinist looking chain gang” of Asian Americans, says journalist Matt Taibbi. In the above clip, go inside the day of the indictment, when 12 ex-employees of the bank who refused to plead guilty were arraigned, handcuffed to each other, and in the words of one of their attorneys, “herded like cattle” down courthouse hallways. In vivid detail, Abacus chronicles the Sung family’s quest to clear their names, the district attorney’s case against the bank - and how 19 of the bank’s ex-employees, largely immigrants, were treated by the justice system. Fresh off of a robust international film festival run and national theatrical release, the documentary has its national broadcast premiere tonight on FRONTLINE. That’s the question at the heart of Abacus: Small Enough to Jail, the newest film from acclaimed documentary director Steve James ( Hoop Dreams, The Interrupters). Why did Abacus face charges, while the biggest banks on Wall Street all avoided prosecution for fraud related to the sale of bad mortgages? bank to be prosecuted in relation to the financial collapse and the first bank indicted in New York since 1991. The bank’s owners, the Chinese-American Sung family, fired a loan officer - and reported the fraud to their regulators at the federal Office of Thrift Supervision.īut two-and-a-half years later, the bank was accused of mortgage fraud by the Manhattan District Attorney’s Office - making Abacus Federal Savings the only U.S. Fitchburg Surfside Pools, Inc.It’s a little-known chapter from the worst financial crisis since the Great Depression: In 2009, shortly after the housing market crashed and the markets melted down, the owners of a small community bank in New York City’s Chinatown discovered fraud within their loan department.East Coast Electrical Contractors, Inc.DAF Limited Partnership for Real Estate.Cybertech Information International, Inc.Concord General Mutual Insurance Company.Concord Firefighter’s Relief Association.Concord Family and Youth Services, Inc.Colonial Electronic Manufacturers, Inc.Business Oriented Software Solutions, Inc.Brayman, Houle, Keating, & Albright, PLLC.Bill Wenzel Heating and Air Conditioning, Inc.BCR Donuts LLC (DBA Dunkin Donuts, LLC).Ayer Police Patrol Officers Association.American Alarm and Communications, Inc.Advanced Network Integration Services, Inc.Acton Permanent Fire Fighters Local 1904.101A Antique & Collectible Center, Inc.Participating Employers Participating Employers A through D Any business or other legal entity located in one of these areas is also automatically eligible to join. You are automatically eligible to join DCU if you live, work, worship, or attend school in one of the communities in our list. You have a family relationship (as described above) to a non-member who belongs to an organization in our list of participating organizations. You currently belong to or join an organization whose members we serve.Eligibility by Organization You Belong To You have a family relationship (as described above) to a non-member who currently works for or retired from a company or organization in our field of membership.ģ.You currently work for or retired from a company in our list of participating employers.Eligibility by Company You Work for or Retired From Relatives of DCU members are eligible to join if they are spouses, domestic partners, children, grandchildren, parents, grandparents or siblings (including adoptive, in-law, and step relationships). Eligibility by Family Relationship to a Current DCU Member
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