Sunday 28th May 2017,

Posts by Tag: financial crisis»

Bad Ass Asians

How A New York Chinatown Bank Was Made into a Poster Child for Mortgage Fraud

posted by Louis Chan
Jill, Vera and Thomas Sung in court

Jill, Vera and Thomas Sung in court

By Louis Chan
AsAmNews National Correspondent

Nearly a dozen employees and managers from a small family-run bank in New York’s Chinatown were chained together and paraded before the New York media in handcuffs.

Despite widespread abuse in the mortgage lending industry during the financial meltdown in 2008, Abacus … Read more


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