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An Outrageous Injustice Against An AsAm Bank
(If you own a business, view the documentary & worry!)
Abacus Bank, a small bank operated by the Sung family in NYC, was the only U.S. bank to be charged after the Great Recession of 2008. The bank ultimately prevailed, but it took all they had to fight against the unfair accusations.
The story was recorded in a documentary by Steve James, Abacus: Small Enough to Jail. It was Broadcast on PBS Frontline in 2017. The prosecutor spent 5 years and reportedly $10 million on prosecuting the bank for larceny. In the end, the bank and all its employees were found not guilty on all 80 charges. Deservedly, the documentary is now shortlisted for an Oscar.
Click here to watch it. I was enraged by the injustice but inspired by how one of the daughters, who was a lawyer, quit her job to help her father in his hour of need. It was such a touching illustration of our AsAm family values. I was also elated to learn that, at the end, the good guys won.
This documentary deserves an Oscar to show that justice still prevails in the U.S., at least in this case. The Oscar will greatly publicize worldwide the immense injustice caused by Manhattan District Attorney Cyrus R. Vance, Jr.
The Misdeeds of Cyrus R. Vance, Jr.
(1) No sense of justice: He accommodates the strong and takes campaign money from their attorneys:
Excerpts from Cyrus Vance Jr. - Wikipedia "Vance also drew controversy for deciding not to press criminal charges against public figures accused of crimes, including Harvey Weinstein, Ivanka Trump, and Donald Trump Jr., after which he received campaign contributions from their attorneys."
(2) Adding insult to injury to a weak minority:
Another excerpt from Cyrus Vance Jr. - Wikipedia: "In an effort at grandstanding, Vance's office orchestrated a show by parading ex-employees of the bank in a chain, handcuffed to each other, in front of reporters. Nevertheless, Cyrus Vance stated in an interview that the decision to exhibit the non-violent ex-employees was due to "security issues." Click here to watch the documentary. How humiliating! Vance was humiliating powerless citizens to advance his political career. How cruel!
Please forward to your friends in NYC so that his constituents will know about his misdeeds. He was a good D.A. back in 2010, when first elected. However, power corrupts, he seemingly has become callous and careless. Will the people of Manhattan County still want him, if and when "Small Enough to Jail" wins an Oscar? This could exemplify the immense power for good of arts.
S. B. Woo
President and a volunteer for the past 18 years
80-20 Educational Foundation, Inc, a 501 C-3 organization,
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