By the end of the trial, we’re told by prosecutors that Abacus was not exonerated. The result is an interesting tale, though a little dry at times. Patriarch and founder Thomas Sung is of course cast in the role of James Stewart’s George Bailey character, minus the guardian angel and the endearing stutter. He even returns to the film to illustrate the time in 2003 when an embezzler in the ranks of Abacus caused a run on the bank. James lays it on a little thick at times, opening with scenes from It’s a Wonderful Life, Frank Capra’s 1946 film about a good-hearted savings and loan bank harassed by an evil oligarch. Someone points out that if the bigger banks had been so well behaved, the 2008 meltdown would never have happened. Other than that, the bank had an enviable record, including one of the lowest default rates in the country. What no one seems to deny is that Abacus had some fraudulent practices going on, although they were traced to one Ken Yu, who was almost immediately fired. “This case is about an attack on our community,” says one commentator. The sound-bite argument is that while the big banks were too big to fail, Abacus was “small enough to jail.” There are also suggestions that the case had racist overtones, since Abacus dealt largely with New York’s Chinese population. Activate your Online Access Now Article content If you are a Home delivery print subscriber, unlimited online access is included in your subscription. Abacus Federal Savings Bank, a small bank with a major presence in New York City’s Chinese community, and 19 of its former employees have been charged with inflating the qualifications of.

4 of 2014, it was her submission that this court held in many cases that the. To open the window, select Billing > Time Tickets. He cited Donna Kamuli Vs DFCU Bank LDC No. Manage Print Subscription / Tax Receipt In Abacus Accounting, you manage time tickets from the Browse Time Tickets window.

Abacus bank court dates