Wikipedia abacus federal savings bank code#
Wikipedia abacus federal savings bank series#

He wanted to have the first word out to the media, that’s why I felt they didn’t give us advance notice.” “ was going to be the first prosecutor to indict a bank.

“I realized this was political, this was going to be a show,” she says. Sung alleges that the DA told the family of the indictment “literally one day before the indictment and the arraignment,” which meant the Sungs had no time to offer any kind of response. “I knew this was not how they normally go about things, this was not how cases were supposed to go,” says Chanterelle Sung, a lawyer who at one time worked for the same DA’s office which indicted her family. The only deal the DA offered the Sung family was to plead guilty to a felony and pay a large fine, which would have effectively meant the end of Abacus. Several of the defendants pled guilty, and agreed to testify for the prosecution. The district attorney’s office soon became involved, and in 2012 brought charges against the bank and 19 former employees, alleging they had inflated the income of mortgage applicants and falsified documents in order to obtain mortgages through the Federal National Mortgage Association, otherwise known as Fannie Mae. He was fired, as were two other crooked loan officers the bank discovered. “In his indictment he talks about how this is the first bank to be indicted, and he links it to the mortgage crisis, which is ridiculous, because Abacus refused to get into all the credit default swaps that were going on.”Ībacus’ troubles began in 2009, when a loan officer with the bank was accused of stealing money from a mortgage closing. and his office “saw this as a major PR move kind of case,” says filmmaker James. “ took a heavy-handed approach from the beginning, and refused to change their opinion.”ĭistrict Attorney Cyrus Vance Jr. Groups of 10 or more get discounts and priority seating, email or call us at or 91.The case was “about this community, comprised of Chinese immigrants, and a lack of willingness to understand the community,” says Jiayang Fan, who wrote about Abacus for The New Yorker.Attention, Museum of the City of New York members, to receive your discount, click on the 'Buy Tickets' button above, then sign in to your account on the ticketing page.

Wikipedia abacus federal savings bank code#

Attention, Maysles Documentary Center members MDC is the code for advance ticketing discount.

Includes Museum of the City of New York admission.

$15 for adults | $12 for seniors, students & educators (with ID) | $10 for Maysles Documentary Center members and Museum of the City of New York members.

Wikipedia abacus federal savings bank series#

Smile, It’s Your Close Up 2: New York’s Documentaries, a nonfiction film series co-programmed by Jessica Green and Edo Choi of the Cinema at the Maysles Documentary Center and the Museum of the City of New York, zooms in on key moments, individuals, and communities to pose the question, “what makes New York New York?” Each program includes an introduction or conversation with filmmakers or other notable guests.