The remarkable story of the Chinese immigrant Sung family, owners of Chinatown's Abacus Federal Savings. Abacus is the only bank in the United States to face criminal charges in the aftermath of the 2008 financial crisis, according to Manhattan District Attorney Cyrus R. Vance, Jr. The indictment and subsequent trial force the Sung family to defend themselves–and their bank's legacy in the Chinatown community –in a five-year legal battle.
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The remarkable story of the Chinese immigrant Sung family, owners of Chinatown's Abacus Federal Savings. Abacus is the only bank in the United States to face criminal charges in the aftermath of the 2008 financial crisis, according to Manhattan District Attorney Cyrus R. Vance, Jr. The indictment and subsequent trial force the Sung family to defend themselves–and their bank's legacy in the Chinatown community –in a five-year legal battle.
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