Frontline S2017E13: Abacus: Small Enough to Jail
- Aired: 2017-09-12
- Time: 22:00:00
- Runtime: 90 minutes
Overview
Following the 2008 financial crisis, the only U.S. bank to face criminal charges was Abacus Federal Savings Bank, the first Chinese-owned bank in New York's Chinatown. Founded by immigrant Thomas Sung in 1984 and now run by him and his American-born daughters, the bank was accused of mortgage fraud in a legal battle that spanned five years costing them $10 million. From acclaimed director Steve James, the little-known story of the only U.S. bank prosecuted in relation to the 2008 financial crisis. Now an Academy Award nominee for Best Documentary Feature.