12/3/2023 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. 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. bank to face criminal charges in the wake of the 2008 financial crisis. Accused of mortgage fraud by Manhattan District Attorney Cyrus R. 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. He joined Asia Society following a three-decade career in journalism - having served most recently as Managing Editor for International Coverage at ABC News.2018 ACADEMY AWARD® NOMINEE - BEST DOCUMENTARY FEATURE From acclaimed director Steve James (Hoop Dreams, The Interrupters, Life Itself), Academy Award Nominee Abacus: Small Enough to Jail tells the incredible. Tom Nagorski (moderator) is Executive Vice President of the Asia Society. He is the founder of Abacus Federal Savings Bank in New York. In the Attorney General’s office, I directed a groundbreaking case against one of the city’s worst landlords. Thomas Sung is a lawyer and real-estate investor. The Abacus Bank case was a total failure and should never have been brought. Thomas Sung, an immigration lawyer who came to New York from Shanghai, started Abacus Bank in 1984 to make residential and commercial property loans to new immigrants. His films include Hoop Dreams, The Interrupters, and Life Itself, among others. Steve James is an award-winning documentary film producer and director. Join us for a reception and special screening followed by a discussion with director and producer Steve James and the Sung family, moderated by Asia Society Executive Vice President Tom Nagorski. One afternoon in the fall of 2009, Jie Chen and Ariel Chi walked into the headquarters of. bank to face criminal charges during the 2008 financial crisis, forcing them to defend themselves. When a Chinatown bank was investigated for fraud, a community’s financial way of life was put on trial. The documentary asks fundamental questions about what the purpose of a bank should be in a community - especially an immigrant community - and whether the prosecution of this small financial institution may have much larger implications for the role of banks in our society. Abacus is inspired by the true-story of the Sung family, whose family-run bank was the only U.S. In the wake of the 2008 financial crisis. The indictment and subsequent trial forced the Sung family to defend themselves - and their bank’s legacy in the Chinatown community - over the course of a five-year legal battle. The documentary 'Abacus: Small Enough to Jail' tells the story of Abacus Federal Savings Bank, a small family-run bank in New York City's Chinatown. The bank specializes in loaning to residents of Chinatown, most of. bank to face criminal charges in the wake of the 2008 financial crisis. Abacus is the 2,531st largest bank in the country, with assets that are a mere 1/100th of one percent that of Bank of America. I also helped make our office a nationwide leader in labor law enforcement, including prosecuting employers for wage theft and over worker safety. Accused of mortgage fraud by Manhattan District Attorney Cyrus R. The Abacus Bank case was a total failure and should never have been brought. 48 sec.)Ībacus: Small Enough to Jail tells the incredible saga of the Chinese immigrant Sung family, owners of Abacus Federal Savings of Chinatown, New York. NEW YORK, SeptemFollowing the screening of 'Abacus: Small Enough to Jail,' a new documentary about the embattled Abacus Bank in Manhattan's Chinatown, the bank's founders, the Sung Family, and producer Mark Mitten discuss the film and answer audience questions.
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