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who is the main character.
He does many good things for the community.
Mr. and Mrs. Martini, Welcome to home.
Hurray!
George lends money to community members
to buy a house...
Me Giuseppe Martini... I have my own house!
And that's exactly the same goal when we start a bank.
That's our motivation to help many people,
many immigrants.
This is you, George. Merry Christmas!
Hwei Lin Sung, voice-over: This film really touched me.
Family, friends.
I always watch it. Every year, I watch.
That makes me cry because that's the part...
Thomas, voice-over: I hope this story can end
the same way as "It & apos; s Wonderful Life"...
But in reality, This is not that simple.
Today, we announce the charges
of 19 individuals
for fees including
mortgage fraud,
securities fraud,
and conspiracy,
and indictments
Abacus Federal Savings Bank,
federal charter banks who are already catering
to Chinese immigrants community since 1984.
If we learn something
from the mortgage crisis recently,
that which at a certain point this scheme breaks down
and taxpayers can be left holding the bag.
The D.A. make it like that a big parade,
bring people from Washington,
all of this is difficult law enforcement officers,
and make it like that a big announcement
that we are part of the cause
financial crisis of 2008.
Almost ridiculous.
Mr. Sung has the right his opinion,
but in the loan section of Abacus,
the mortgage is based on in fake documentation.
We have evidence of conspiracy, theft,
and systemic fraud.
If it's prosecution passes,
the bank will go outside of business.
There is no question about that.
They will lose their charter,
and that would be extraordinary impact on the community.
Too big to fail, you know, turns into small enough to go to jail,
and Abacus are small enough to be imprisoned.
Thomas, voice-over: When I walk here, of course,
I feel very at home.
Incidentally, this is a very delicious noodle shop
if you go in there.
I was born in Shanghai in 1935.
At the age of 16, I emigrated to the United States
and going to law school, and I moved to Chinatown.
Not many Chinese lawyers,
and I know I want to be like that part of the community,
so I do a lot of pro Bono work.
This... this building with the Chinese national flag,
this is the center of the Chinese community.
And there...
I represent the association for years and years.
This association is sponsored by school,
and I get permanent charter
from the education department.
And people in that community,
especially parents, remember me,
know what I have done.
Back when I was a lawyer, I had no bank which is owned by Chinese people and serves Chinese people.
This is Chinatown, New York City,
warm, colorful, cheerful,
beautiful place for sightseeing.
This man is on his way to the bank.
What is it with banks that make our men feel at home?
The design is very... beautiful bright
with the main Chinese color,
and he sees the house in a soft and sweet smile
from the cashier.
At that time, bank in this community
has several hundred million Chinese deposit dollars,
and I go to the bank to try to borrow money,
but they don't lend money
and dealing with the community.
He always tells us stories
that they are willing to take their savings,
but they don't want to give him credit, loan,
so that's why he started a bank
because he feels it's unfair
to the community.
I remember when we were children,
and my father is excited about this business
that he will start,
and he involves us in the decision
from what will be the symbol for the bank,
and I remember all of us try to design something.
Abacus, you know, is a Chinese calculator.
China considers abacus as national treasure,
so we say we will name Abacus bank.
Hello. Can you open for me?
We serve people who have never even been handled
with the previous banking system,
and you try to bring it into the banking system.
That example is a safe storage box.
Have you ever seen so much... heh heh... box?
There are 8,000-plus boxes in this safe.
8,000.
Chinese people, especially immigrants,
they rent a house in a very narrow place.
There is no place for them to put their valuables except in the bank safe.
So it starts with a safe storage box.
Then they are willing to put their money into the bank and then let the money grow, and then,
they will take the money and use it to buy a house.
You get a clear understanding of what your mission is at actual closing.
Many borrowers carry their entire family with them,
and they bring their children,
their grandmother,
and when they walk out, they are all very happy,
and you feel happy to be part of the process.
We talk to Heather, right?
I remember him.
Where is he now?
Do you have chicken feet there?
Oh okay. It is always special.
That chicken's butt.
That's his ass. Chicken butt.
You don't want to eat it.
I like that. Oh
He doesn't need a butt. He can eat it.
I never thought my girls would work in Chinatown
because we live in Greenwich, Connecticut.
Tom will commuter every day, you know,
like, one and a half hours every way,
so he did not see them that much at that time.
They don't know anything, is not a vague idea
about the Chinese community.
In fact, Heather still hasn't.
He hates the city, huh?
He is like me. We both experience headaches,
and at home when we don't want them to understand,
we speak Mandarin.
You always say to me,
"If you work for a bank,
" The benefits you will have
work 9-4. "
9-4? He says that?
Because of a long time then, people can
go at 3:00 a.m. to the bank.
He says you can have children,
You can have a family.
You know what he says to me?
He says, "if you want to work with me,
"Remember, this is your choice, and don't think it will be easy." You give it two different stories.
You know, people ask me
"so why in the world do you want to get
to banking?"
Not because I need a job.
I'm practicing law, I'm busy,
but I say to myself, "It's time for me to do something
for the community."
It starts from your time.
Grandpa. My grandfather. My grandfather.
He always thinks like that respectable things to do.
That's unusual.
Many people in Chinatown, your generation,
they believe it's respectable
entrusted... to be trusted.
Trust with public funds.
Yes it's true.
Do you have a copy payment letter for me?
Yes I understand.
Vera, voice-over: This whole 5-year trial begins
in December 2009.
I have closing that day involving one
Our loan officer, Ken Yu.
Ken Yu works with us about 4 years.
Staff really likes it.
He is very popular, he has charisma,
and he does a good job.
That is normal closing
there is a seller's lawyer,
and there are buyers,
but there are lots of tensions in closing.
They don't get along well.
They argue things.
Vera, voice actor: Lawyer asks me a question
about additional money said by borrowers
that he pays.
That doesn't make sense to me, so I called Ken Yu,
and I ask him "What is this examination?"
He just goes, "oh, blah, blah, blah,"
hedging and not answering.
Vera is very upset.
This girl gave thousands of dollars, I was told,
to the loan officer, and he thinks
they will be applied towards the closing costs,
and they don't.
That was very surprising.
I say, "This loan can't be closed."
It was Friday. Then on Monday,
Ken entered, and I fired him that day
because he lied all over the place.
Ken Yu stole money,
and he ran money laundering operations
without his own knowledge for everyone here.
Scams that are done clearly.
I refer this case to our compliance officer,
then we are hired outside consultants,
former federal prosecutor
who are very experienced in fraud
and anti money laundering investigation.
During our investigation, we found two other loan officers
involved in wrongdoing,
not at Ken Yu's level,
but we keep firing them,
and some other staff also resign.
Shortly after that, we were told Fannie Mae.
They actually don't just fire credit officers
and cancel closure.
They go directly to the office management of used goods,
who is their regulator,
and they tell them about that.
So that's perfect proof the bank finds out something
that should not happen and take steps
to make sure this doesn't happen again.
The couple unfortunately lost
down payment for this house,
which one, you know, is quite a lot of money.
That's 10% of the price of the house, and they are very upset.
And at that time, the borrower, he called me.
He is like, "You know, there is this money
" That he was taken from me,
So who are you going to do? "
And I told him... I remember I was very angry.
I was like," What am I going to do? "
Because I think for myself,
" Maybe he conspired with Ken Yu
to cheat banks. "
I say," if you have a problem,
"You have to file a complaint
in the police station."
Complaints submitted
with the local police station.
D.A Office early investigation
only focused on employees
who is accused of theft.
Vera, voice-over: The D.A. the office starts asking
we question.
Everyone who asks us for something we give them.
We think we are actually beyond what
we should do it.
My compliance officer actually collects the binder
for his staff, and basically,
the beginning of the case was handed over to his team
in the form of a binder.
You know, at first, you think they are here
to find out what happened to us
because they are law enforcement.
I don't know where and at which point
we switch to...
in their minds, yes, for what...
in their minds and then we realize
"wait a minute.
You know, maybe we are the target. "
We spend a lot of time investigating
and ending really sure
that loan department corrupt
pretty much through and through.
Pak Wong runs loan department,
and widespread fraud occurs ahead
about him every day. That office believes that knowledge
corruption rises to people who are high enough in the bank
that the bank is the law for that.
Let me assure you which we don't take lightly
accusations that we announce today.
In fact, the last time this office was submitted 1991.
Now these defendants, banks and former employees
and manager of the loan department,
charged with the involvement of in a systematic scheme
falsify and compose loan applications
to the national federal mortgage association,
generally known as Fannie Mae.
When exactly does indictment occur,
I think the biggest fear is that it will happen
directly involves Jill,
and that is something that we cannot understand,
just knowing how we grew up,
that he can feel guilty something like that.
Jill, voice-over: I mean, I think they must be
see try to get us, to get me, yes,
because I am the CEO of and the president,
but they don't charge me individually
because they don't have any proof
to support that I am involved in mistakes.
We feel that proof can be proven to stop
at a certain level,
but that is the individual who is accused
quite high in company
to charge corporations.
I am in the district attorney's office
as a prosecutor for 7 years,
the very division brought this prosecution
against family banks,
and when I know what they do,
I have to go to the head of my bureau
so he knows that,
You know, this is happening,
there is a potential conflict here,
and that makes me very angry that the same office
where I have served and trained to do that.
To find out what they are doing this is against my family,
who I am.
That's where I come from,
and then find out my reputation in the office
is one of the highest integrity.
That's just...
Does not make sense.
What is very interesting
is the way D.A. pursued aspects of public relations
this prosecution.
Journalists in this city are treated
to this extraordinary photo opportunity,
This almost looks Stalinist chain gang.
I am a former prosecutor.
I am not soft on crime.
I have never seen a show like this.
These people are deliberately humiliated without good reason.
Not that district prosecutor's office
the decision whether or not to put cuffed people,
but people who are brought to court
which has been billed with crime
put into handcuffs.
It was a decision made by a court official.
I will not discuss it more than that
because, you know, it's not something that involves me.
Court officials don't leave
courtroom.
They are taken to the hallway
by the district attorney investigators.
I got off the elevator, and I saw what was happening.
I have never seen that all my time
in the D.A office.
I mean, this is like the case of this century.
He will never do that with... with a black group
employees, you know.
I mean, everyone will see for what it is,
and they actually are staged so much
3 people that are are in that chain
has been dragged,
already posted bonds
and are awaiting trial.
The D.A. has added the cost of
to Mr. Wong & apos; s indictment.
Normally, you don't even have to go
through that process again.
They only add accusations,
You are dragged again, guarantee transferred,
and that.
Instead, they have me submit him,
and the next thing you know,
I saw him chained to 15 other people,
be herded like cattle in the hallway of 100 Center street.
I have done this for 25 years,
and I have never seen it that happened before.
I'm sure there are security issues
behind that decision, but that decision
can also have and... implications and create feelings
that... which does not reflect
view of the office or my view,
and... and to some extent that happens here,
I think that... that's very unfortunate,
but that... it happened.
This is an insult to me. That...
Chanterelle, voice-over: And that's where I see
combined incompetence with arrogance.
My bureau deputy head, he is always very inspiring,
and he will always refer to inscription
outside 100 center of the road
about having confidence in justice,
but I don't... I don't believe it anymore.
I decided to go D.A.
That really angered the Chinese community,
but so what?
They will not decide selection for Vance.
That's it. Ha ha ha!
Have you done it many times?
my whole life.
That is an association
where my great grandfather was,
my grandfather, my father.
Back in days with exception actions,
people don't have rights.
This is where they will do it it all comes.
Family association Like this one
is the only place where they feel welcomed.
Like Mr. Sung, what drives me
is a sense of community.
Lee, voice-over: This case is about an attack
in our community.
We are easy prey.
I think that's what happened.
People have reasons to be afraid of authority
or what can happen to them,
You know, the levy, years of oppression
it happens from street vendors,
from a small business,
from people who have just written tickets because they can.
This is more than just Abacus Savings Bank
cleared.
It's about freeing our entire community,
no matter what we do,
well the little one sells vegetables
or banks that do business.
I told Mr. Sung, "I'm happy they chose you
because you're a warrior."
Cyrus Vance has just felt this is more vulnerable,
especially it is a family bank,
but he is not aware tom is not easy
to be driven around.
And my girls, they're tough,
intelligent and capable women, very brave.
Although this is whether David is against Goliath,
David, being Abacus Federal Savings Bank,
have slingshots, and that, you know,
they are the whole family lawyers.
I will be able to fight this.
They are almost cheerful. They are like,
"We will have our day in court now.
" We actually will be displayed
that they are wrong. "
They make a decision
that they don't will plead guilty
to something they don't feel
the bank is guilty.
That is a bold choice, and that is an expensive choice.
D.A Office hundreds of lawyers
and it takes 5 years to do it their grand jury investigation,
and that is a daunting task to fight the government.
Good morning, Mr. and Mrs. Jury.
This is a simple case about banks
who have been converted into a criminal conspiracy
driven by greed.
Defendants Abacus Federal Savings Bank
engage in an ongoing process conspiracy mortgage fraud.
They routinely faked and falsified mortgage documents and then deceive the federal national mortgage association,
generally known as Fannie Mae.
They take Fannie Mae money for loans,
full of lies, while promising
that the loan exists
honest and verified information.
The defendants did this again and again and again,
and between 2005 and 2010,
banks generate millions dollar services
and sell fake loans to Fannie Mae.
The defendants plotted to steal money from Fannie Mae
and indeed, actually, stole money from Fannie Mae.
Historians tell us that Abraham Lincoln
likes puzzles, and one of his favorites
go like this.
If you call the tail of the leg,
How many legs does the dog have?
And the answer is 4
because calling the tail of the foot does not make it a leg.
Calling Fannie Mae as a victim of from big theft and fraud
like calling the tail of a dog.
We don't lose, we don't harm,
we don't have theft,
we don't have fraud.
Hello?
Heather? You are talking.
Good.
So how does everything work today?
That is a very long day.
We are exhausted. Long day.
I am very tired.
Don't get me wrong.
I think all lawyers do a very, very good job,
but feeling, emotion
a little less.
The good, strong... He doesn't touch that emotion.
Presentation of your case requires emotion.
Of course, there are many other things it can be said or it should be said.
You must let you attorney at this point,
who lives with this case
and feels very strong about that,
You have to let him... let him...
I think he...
leave him, let him do it.
He spends the most time talking about how we stopped closing it,
and he shows you what steps do we take after that.
If you... the jury must be convinced
by document proof. Very thorough.
I agree with you.
The facts are taken out,
the law is issued.
He said... He really said...
30 years of business.
He hasn't finished yet. That's not what it means.
Let him finish it.
You continue to interrupt.
Let him express his feelings. He must.
Judges are not permitted to consider...
we are allowed to express our feelings too.
Yes, but you don't have to jump up and down.
I haven't jumped up yet.
I haven't actually spoken is... is...
You talk back to me again.
I have to work. I must sign a loan.
The loan has been on my desk for 3 days now.
I want to give loans People.
Do you know what? Don't be too excited.
I don't. I just said I have to solve many things.
Leave it alone, leave it alone.
Heather, I'm dependent on you now, okay?
Rocket. Let's go.
Ok, Jill. We will leave you.
Exit, exit, exit, exit. Come on.
We have to work now. Let's go!
So there are 180 or more than that
in this trial.
And let's also remember
that there is, I think, 10 pleading guilty here.
The D.A., the case is built basically in reality
that he caught all this low-level loan officer.
They start going to people's homes,
many people at 6:00 a.m.,
knock on their door and demand...
not forceful but demanding it
people go down to the district attorney's office
and talk to them, and they get lots of statements
from many people use that tactic.
Speaking about Chinese people,
many of them... have come from the police state,
and in China, people that fear,
knock at the door.
Good morning, Mr. Yu.
Good morning.
When court officials swear to you,
he asks your name.
You say Qui Bin Yu.
Are there other names You passed?
Ken Yu.
This is this man, Ken Yu,
who knows how the bank knows
about this error in the first place,
people who are fired by the bank.
Not only does he falsify documents
to pay off a loan,
he stole money from customers.
The man finally becomes a witness starring the D.A office.
Mr. Yu, I want to direct
your attention for the Ariel Chi case.
Chi is a borrower You stole money from, right?
Yes sir.
Isn't that right? You ask Ms. Chi
for cash tips, too?
No, I never asked him for cash tips.
I don't remember that part.
Mr. Yu, there is a telephone conversation with Ariel Chi.
Is that true?
Right, sir.
And at that time, you don't know
that Ms. Chi actually records the conversation
with help from from the district attorney's office, right?
Yes sir.
D.A Office trying to make it
implies the bank.
This recording is taken to court
through our lawyer at cross examination of Ken Yu.
Let's go straight into it.
You told me after closing
that I have to go
and give you cash, right?
To make everything...
I mean... legally, you shouldn't do that,
but, hey, that's after closing.
I mean, everything else is legally incorrect,
so, you know, I think the others...
It's just not written the rules are, uh...
it happens in every case I see.
You know, in the end, you, like, you show appreciation.
Doing this refresh your memory
Do you really ask for a tip?
Yes.
I know that he can't see me.
That's very telling. Yes.
He can't see me, but I, like,
"I'll see in you."
I like, "I will do it burn you with my eyes."
I look at it carefully, too, too.
"I dare you say what you want to say."
He stands on the pulpit and swears falsely
again and again and again
by the way a defense lawyer just can't
in more careers than once or twice.
The jury laughs at her several times.
Abacus... you told me that Abacus knew, right?
We did not say it to the bank.
Only individuals, people
who works for the bank.
I am a bank employee,
and so are other insurers.
So... ok, but, like, Abacus,
like, the bank they know all those people
This is finished, right?
I... I will say that.
Now you have a long gap there,
isn't that right, Mr. Yu?
I'm driving.
So it's a long gap because you're driving,
are you interrupted?
Is that your testimony?
I don't remember, but I definitely drive.
You will say that if you get into trouble.
Is that what you mean there?
I say that because... it's very...
Mr. Yu, I ask you...
this is a strange way to answer that question,
and I ask you what do you mean by...
I... I will say that.
I will say that. I believe it.
Well, the jury can decide what your tone suggests.
It becomes very clear
that he has no trouble lying.
If that's how he is comfortable acting,
I will think about it he will feel comfortable
say more to try to link directly
Mr. Tam and Mr. Wong and Jill Sung
with what happened, but even he did not do that.
But you also have to do it don't let go of facts
which he did not get this method overnight.
He has years like this
behavior it is only ignored on various occasions.
What role is happening bank management game
in what happened?
How much they don't realize what is happening
versus closing eyes because everything works well
and the results are good?
Ken Yu is clearly a bad egg.
By using Ken Yu, which is the worst of the worst,
D.A office. say,
"This is his face from the institution,"
and the judges will believe that and find it credible.
If the bank conspires like that with this person,
then why do we fire him?
We want to save him.
What is D.A. accused the Abacus Bank of being ridiculous and really no one considers what big banks do.
All banks are too big to fail,
Morgan Stanley, Goldman Sachs,
J.P. Morgan Chase, and Citicorp
has admitted a big crime,
and they have been charged even worse.
Almost every direction financial company
and big banks in this country
and many more from foreign banks, too,
engaged in a very wide fraud scheme
where they publish a large number of home loans,
especially for middle- and low-income borrowers,
and then they repackaged it the loan and sold it
to investors
but disguise them as high-ranking securities.
That's very unusual dangerous toxic loans
which most likely will explode and explode
in large numbers after 2008.
But there is such an assumption
we cannot bring crimes against them
because of guarantees consequences
an institution is very large,
internationally connected
who charge them or file criminal complaints
against them can be destroyed entire financial system.
So you have
this big offender,
and they commit crime.
"We will only take money."
They will cut the check
and make everything disappear.
I think every American is angry
in that crisis we passed.
There is that behavior unethical,
and I think Americans are angry that security
for loans made is often fictitious,
and in Abacus, there are some truths too.
Obviously is not a big big bank.
And obviously not that
representative of the whole
financial community,
but I think the principle is the same.
This shows, I think, very graphic
this difference in the way we deal with certain types of actors
versus others.
Pak Sung doesn't offer the same agreement.
He was not offered the opportunity to pay a fine.
He was not offered the opportunity to plead guilty
for some small things.
He is not offered a chance even a suspended prosecution.
He doesn't get all that offers him.
Thomas, voiceover: The D.A. tell us
"You must accept it plead guilty
for crimes plus fines."
Now what are our choices?
They want confidence,
and Vance will chase him.
I think if you will choose a bank to choose from,
a family owned company sandwiched between some noodle shops
in Chinatown is about as easy as a target
because you might be able to choose.
I think characterization
that this is somehow cultural bias
in the office section, uh, completely misplaced
and completely wrong.
We devote a lot of effort to protect immigrant communities,
and I feel that our handling of the bank is consistent with how we will do it handle banks
if we are investigating banks that are served
South American community or Indian community.
There is nothing different that we do
or deliberately designed to treat this bank differently.
That is important for prosecution to be displayed
how exactly the loan manager knows what is happening.
I think the most interesting proof they have
is a seating chart from the Abacus loan department.
Loan officers who have been charged
spread around the floor,
and somewhere in the middle
is a loan office manager.
This is all happening
around Pak Tam's table.
How he will not be aware of from this type of behavior
currently happening every day regularly?
It's not so simple
as they want you believe
as a simple image to where someone is sitting.
But above that, they bring Ken Yu,
who is a perfect liar,
and he speaks in a different language than Mr. Tam.
He does business outside the bank.
Actually, at one point, they cross-checked Ken
because Ken said, "oh, that person gave me cash.
I am counting from my table. "
When the borrower comes to testify,
the borrower says," no.
I met him at the lobby from the bank. "
We are able to show
that loan officers are taking steps
to hide their mistakes from underwriters
and more senior levels banks.
They will stop talking when a guarantor
will come to the floor.
They will falsify signatures to make sure
signatures will match.
When guarantor sees the file,
everything will look normal.
If the borrower told me that she works at a local food store
and income for tax returns is $ 300 per week,
it's not enough to get a mortgage loan from us,
but instead of rejecting it,
what I will do is ask "is there an employer
who can verify higher income?"
And when will you record that information,
do you believe that honest?
Of course not.
And who is trained by you?
It will be Mr. Tam and Mr. Wong.
That doesn't make sense.
You have a loan initiator that will be created
commission by getting this loan through,
and then you have people like Mr Wong,
who have no incentive at all financially to do this.
So they do everything they can hide
their crime from Mr. Wong
because they know he is not involved
and he will reject the loan,
he did many times.
He will reject people where his income is
cannot be verified
or where does it feel
the income doesn't make sense.
There is one refusal he does
where there are fake documents he found,
and refusal of loans
the cost of the trigger commission.
I think people who go to the bank
and get a loan no fully understand maybe
that what they do lies,
but I think it's finally unwanted loser here
are borrowers in the community.
We really contribute to revive the community.
This is really confusing for him to say that.
When the charges go down,
Sung sees it as an existential threat
to the bank and rightly so
because there are so many institutions fail
only... only from having the indictment.
Thomas, voice-over: Already experienced a crisis in 2003
which is almost closed down the bank.
There is still no sign
from former Chinatowns bank manager
accused of embezzlement
more than a million dollars.
The FBI is looking for Carol Lin,
that manages the channel canal path
Abacus Federal Savings.
Suspicion of fraud sent from a panic wave
among bank customers.
So in 2003, I happened to be doing
a story in Chinatown.
My photographer at that time said to me,
something happened on that block.
Backwards, support it! Back to the top!
Chaos in Chinatown as thousands of investors
ran on Abacus Federal Savings Bank,
demand their money after hearing
that former bank manager is being investigated
to embezzle One million dollars.
When rumors spread in the Asian community,
run for the dough.
Take a walk. Go somewhere else.
Do something else today.
Police fight to control the crowd,
one even bitten by an old woman
demand money.
Many struggle to avoid being destroyed in the crowd.
In that short time,
people pull something like $ 44 million,
put us in a liquidity crisis.
Press reports related to that we haven't seen
this type of run since the thirties,
since depression.
Don't look now, but something funny happens
there at the bank, George.
Hmm?
I never really saw it,
but it has all characteristics to run.
You have to understand something about Thomas Sung.
For me, he's like Jimmy Stewart out of "it's a beautiful life."
I'll be back for a while, Mary.
He is a small town banker, but the city is Chinatown.
I go to the police department,
asking them to give me a loudspeaker.
I go on the phone, and I say to them...
"I'm here."
You... you are thinking this place is all wrong,
as if I have money back safely.
Well, your money is at Joe's house...
it's right next to you...
and at Kennedy's house and Mrs.'s house. Maitland
and another hundred!
And I really left and shook hands with them,
"Feel my warm hands. I'm here. I'm a real person."
After I do that, run down.
Relatively calm in Chinatown,
very contrast for crazy rush Tuesday
on Abacus Federal Savings Bank...
Bank CEO reassures investors.
They know that everything is fine.
People return. They enter, deposit money.
They thank us.
If I don't have that relationship with people,
then I will be much more worried
that D.A. accuse the bank.
But if the verdict is guilty, there is a possibility
that Abacus will not survive.
I have never supported it with a bank.
I have to be honest.
I told my husband. I said, "banking is not good."
I feel this is a problematic business.
There are too many banks.
You know, not everything works.
And not everyone will really appreciate what happened,
You know, if something wrong with the bank.
When you have fake documents,
You increase the ability of Fannie Mae to ask you take back the loan.
I really feel my girls have to go to do something else
they want to do.
I don't want it to work at a bank,
but they come in, you know,
because they want to help their father.
They are very loyal to Tom.
You agree that income and assets
is a material fact that must be accurately represented.
Chanterelle, voice-over: So I've never, until now, found motivation really
to work in a bank.
And this year, when the trial begins,
I just... I experienced own nightmare.
I mean, Vera and I share rooms
back to my parents' house in Connecticut,
and we both wake one another.
And I... and I realize, I, like, "I can't continue
in my own career now again."
This, like, I have to help my family now.
- Because I think the law... - no, I say...
documents represent material facts.
I... I say if it's really material... listen to me.
If it's really material, the loan will fail.
Differentiation might not make...
Chanterelle, voice-over: I understand sometimes it's very frustrating.
This might be a factor being the youngest.
But sometimes I just, like, whatever I say,
it's just not heard.
Papa, if that... you are not convincing.
If it's the shape... if it's the shape
you choose to use... I will tell you what is the tongue on the cheek.
Papa, if that... he said, "there is no harm, there are no violations."
If that's the form... I never said that.
Hold. I have a question, daddy. He said that.
I don't say that. If it's the form you choose to use...
he uses the word. To represent...
- if that's the form... - He uses that word.
That's not... it's not true.
I... I just told you... I didn't use that...
there is danger. That is very difficult.
Ok, there is nothing more I can say.
Girls...
This is my office. Sorry.
As you can see, my table is now stacked very high,
but I think that is always messy.
That's just my personality.
My father always said, "as a lawyer,
You must be neat and organized."
Maybe I am not suitable become a lawyer.
Uh, is there something, Tracy, on your desk,
There is an urgent matter that I need to get completed before the weekend?
We have not experienced many closures
because of the effect trial.
I woke up at around 5:00 a.m.,
complete work very early in the morning,
slamming all these e-mails and answering e-mails
and then go to court then just returned to the office.
I really tried to get it more work is done at lunch,
then we will do it back to court.
Have you ever told that person
who you are talking to at Abacus Bank
that you are a manager in Becky's nail spa?
I am not a manager.
That person told me that my income was very low,
be better I have to be a manager.
Otherwise, I can't get a loan.
Prosecution, repeatedly,
trying to suggest it innocent borrower,
that it's a loan officer that encourages borrowers
falsify documents to fulfill their loan conditions.
In this loan file, why is it said You're a manager?
I don't know.
Do you tell anyone You're a manager?
No.
What can we show with witness after witness,
it's not just loan officer.
Borrowers try to cheat banks
to pay off a loan.
Mr. Lin, already sign your employer
verification work form
for loan files, Is that correct?
Yes.
And he signed as a joint owner of from China Sun.
Does anyone have that restaurant with Mr. Pen?
I really don't know.
You don't know if Shu Qin Lin is also a co-owner of
from Chinese sun restaurants?
I only met this people several times.
I don't know whether this person is a restaurant owner or not.
Shu qin Lin you meet several times,
and you don't know is he the joint owner?
They don't tell me. I do not ask.
Ok, Shu Qin Lin, spelled S-h-u Q-i-n L-i-n.
You don't know who that is?
I know who it is.
You know who it is. So who is that?
You can say, he is like a sister.
Is she like a sister, or is she your sister?
He is my sister.
There are a series of witnesses
which is only a heinous liar,
to the point where is our concern
that jury will think that
all those people bank transactions with...
former employees and customers... only full of dirt.
So, the trial has taken place for the 9th week now, right?
Is this 9? Day 52
Have you calculated? Around day 52.
I have tracked from the number of days
since... since the jury... yes.
That happened... since 12 January.
I can't believe
how this can happen dragged for so long.
Week of trial and costs involved... Fees.
Millions of dollars are spent to defend themselves.
And watch after watching... of course they will know they are lying.
So you bring these people out, day after day,
for 9 weeks,
and what are the effects in the community?
People get the wrong impression,
the Chinese are not law-abiding.
That... it's too bad.
Well, hopefully we can win this case and make a statement.
Or even if you win the case...
Damage...
Well, for us...
shame on the community.
Chinese immigrants come from culture
where lots of finances transactions are based on trust
and believe it is not borne by a piece of paper,
in that trust intimate understanding, You know, among community members
or among family members.
I don't think there are borrowers thinking that they really committed crime,
even if part of this loan documents are forged.
One specific individual has been approved
for a $ 800,000 mortgage loan,
but on their tax returns, they only generate $ 24,000 per year
and I think this is as a partner.
There are many breaths on the jury panel.
How can this happen?
I know I will have it hard time to enter the bank
and get approval, you know, even for a few hundred thousand dollars for a loan.
Tax avoidance, I think lurking in the background of this case.
Because they work mainly in the money economy,
many borrowers have the money they don't report to the IRS.
Only when they buy a house
is it necessary for them to prove how much money they have,
but then they are stuck in this position don't have a paper trail.
Maybe people in that community don't... don't pay, you know,
100% of their taxes.
These are all problems if they have problems with, you know,
with immigrant communities operating in cash, ok,
they have the means to do something about it.
Um, IRS too.
Abacus is not the FBI.
There is no bank regulation which requires banks to serve basically
as a police force against its own customers.
There will be chaos if your bank is basically an IRS.
No one wants to bank with any bank.
You can say that our responsibility
is giving credit to the community, not being a police officer.
And I remember Mr. Sung saying this to me, related to restaurants, you know.
He said, a man came to him modernized his restaurant.
And he said, "I don't even need to ask him... his income
"Because I eat at the restaurant, and I see how full it is.
" So, you know, when he entered and asked me for a loan,
I am ready to give him money ". this.
Prosecutors insist since the beginning of the trial written by brothers or friends.
There is knowledge throughout the loan department
And the source of the loan?
Money that comes from... Who knows where.
In Chinese culture,
the limit between gift and loan is very opaque,
to what extent there isn't even really a difference
when it comes from you your parents or relatives.
This is an immigrant always done.
Jewish families do it. The Irish family does it.
Italian families do it. Chinese families do it.
If I accept, you know, $ 50,000 from my mother,
there is no paper document that says I have to return the amount.
But, you know, if I end up taking care of him in his old age,
that is a form of payment,
and I remember sitting in the courtroom Hearing how confused they were
when they answer this question, when, you know,
repeatedly they are squeezed.
You know, "is this a gift, or what is this loan? Can you explain?"
They say, "well, you know, if I can repay it, I'll do it.
But, you know, if I... if I can't, we are family."
So, the gift letter actually has to be
from siblings or partners.
But comes to the surface that these loan officers are sometimes registered as gift donors.
Mr. Yu, above this
gift certificate certification,
it reads that you made a $ 9,000 prize
for your cousin Qi Chen Chen.
Is Qi Zen Chen your cousin?
No.
Do you make a prize of $ 9,000 for Qi Zen Chen?
He gave me $ 9,000 cash, and we went down
and get a certificate bank check in his name.
Tell us how that can happen Zen Zen Qi gives you $ 9,000
and then you give him a check.
This particular customer does not have a credit score.
Can you tell us from this document who approved this loan?
That will be Miss Vera Sung.
If Ken Yu enters the gift letter, "Ken Yu,"
it will interfere.
That's not what happened.
Ken's Chinese name is unknown, but people just call him Ken.
Ken Yu clearly knows that
and deliberately put the Chinese name on the check for that reason,
obscures that it is who has given a "gift" to the borrower.
Mr. Yu, what is that? commitment letters?
That the bank agrees to give loans to this borrower
if all conditions are met.
Right. And gift letters, for example,
must be in file before you close,
but not before the commitment letter comes out, Isn't that right?
You are right, sir.
So verification of work You help fake,
gift letters You help fake,
done after Vera Sung approved this loan on behalf of the board of directors,
Isn't that right?
In this case, yes.
It tries for us because is a legacy of our father.
Exactly. And he gave us that inheritance.
And Vera is always... when he wants to be very meaningful to me,
he will show, "it happened under your supervision, right?"
So he can be very evil to me.
He is like, "you! You know, that happens under you..."
I'm like a cruel brother.
So, you know, then I can sit there and be like,
"wow, you know, I really failed."
So much time passed.
Our father is 75 years old, and now he is 80 years old.
People don't understand... there are some long-term effects
from through like that traumatic experience.
"This bank will definitely continue to find justification
" not only for the best bank liberation itself,
"but for the greater Chinese immigrant community
" It has been presented for 31 years.
"Raw appearance power by D.A.
" Will always remind us and other minority communities
that our human rights can easily be trampled. "
It's a bit counter intuitive the way you write it.
You want to tell people You can't let something bad happen...
exactly. That's what I told him...
and that's how you say, "Human rights can be easily trampled,"
and I don't read them... I don't want people to think
You say that it can.
With in other words, it should be so Normative sentences are not...
no no No "Don't be trampled."
The cost has been great, but very different per each family member
because we all handle stress in a very different way.
Look, Chanterelle, this is all here, but he changed my words again,
and then he doesn't do it right here.
A little dry.
Because it's only chicken.
Not Mayo, that's why, right?
Mm-hmm.
But there is cheese. Mm-hmm.
My father, in particular, is able to handle stress in an extraordinary way.
If you... if you don't like your sandwich... are you okay?
Good. But you said it was dry.
Mm-hmm.
As you get older,
I think he feels that he does what he wants to do.
Um, he's a little more philosophical,
and find out that he's done the best he can do
good for him.
If it's too much chicken,
You don't have to eat everything. No I...
he said... he said that... did it come with avocado?
He complains. He said it was dry.
Do they put... oh, they don't put mayonnaise.
They don't enter... yes, but they put avocados,
Do they place avocados?
They put avocados, but he said it was dry.
I ask him if you want avocado.
Now go eat.
He said, "It's dry, but I'm easy."
Like this. He is very calm, and I am very...
I like to jump nuts. I am always running around, you know.
Like that I am. And that drives me crazy.
My mother, I think, might feel the strongest things.
He's a very emotional person, and I think defining himself,
for big titles, by perception of others,
so... it hurts him.
I feel lost face.
You know, Chinese people always want to save their faces.
I am even embarrassed to see my friends because no one knows...
I really don't know too much about banking,
and how I'll do it explain everything.
All I can say is, we don't do it.
Yesterday was terrible, very torturous, you know.
I can't stand with people thinking of my children as bad as that, you know.
The prosecutor said that Jill was lying, so it really bothered me.
I feel like screaming.
Of course, Vera always tells me, "don't talk, don't move,"
so I have to sit there with just... press myself, you know.
That's why I couldn't even have lunch yesterday. I have stomach ache.
Ms Rome, is a federal national mortgage association,
or known as Fannie Mae, in a business to make money?
Fannie Mae is in this business providing home ownership
and, as a result, Fannie Mae does make money, huh.
All of these cases in the end come to Fannie Mae.
Fannie Mae was accused of being a victim in this case.
Reasons for prosecution
is 30 loans which are in charge
what we sell to Fannie Mae is not good,
because the documentation itself is not what it should be.
The bank can do it whatever it wants.
The bank can save the loan, it can serve the loan
and don't care about documentation.
That is the choice of the bank... save or sell.
He chooses to sell it.
In selling loans to Fannie Mae,
they only miss that risk to buyers who don't know.
Ms Rome, Fannie Mae doesn't want to lose money, right?
Absolutely not. And that doesn't want our lenders also lose money.
And you are familiar with the default level Abacus loans
during the indictment period, right?
Yes, right.
During a period of 5 years from alleged fraud,
Abacus sold a little 3,000 mortgage for Fannie Mae.
The default number of 3,000 people is 9 people.
9!
Are you saying that is a low default level?
Default level is low.
Do you say that is low microscopically?
Objection to characterization!
Supported for "microscopic."
Abacus Federal Savings Bank
has one of the lowest level nation,
not the highest, one of the lowest.
But that is not what we see.
We are looking at, you know, is there falsified information,
and sold, and that.
These loans are never lost money. They appear.
It is financially clear who benefits? is Fannie Mae from the transaction.
People get their loans. They get their home.
That... it's almost ridiculous! That is almost totally ridiculous!
Larceny is about stealing.
To bring theft charges against banks
when should victims actually generate hundreds of millions of dollars,
that is just... it's outrageous.
My view is, if I take $ 5.00 from your wallet,
uh, I've taken your money.
If I... In the end, if I give it back to you,
or if not, in the end,
actually has a loss because the money returns to you,
it's still, in our view, a theft.
If I sell Fannie Mae loans for $ 5.00,
not only do they get $ 5.00 they return on time,
like what they think they will get it,
they also get $ 3.00 to $ 4.00, $ 5.00 return interest,
that makes it $ 10, so tell me how it's considered theft.
There are two types mortgage fraud
which generally happens.
We call it fraud-for-profit and fraud for home.
There are certain numbers of people who commit crimes mortgage fraud because they lie on their application
to get a loan for the house they want to live in.
Is it technically a crime? Correct.
Is that crime worth of resources from state or federal government? Absolutely not.
This has a low default level in this type of loan.
The losses are relatively small.
Other types of fraud, fraud where there really is no
any intention to pay the mortgage,
it's just about making a profit as fast as possible,
or fraud that enters this complex securities built,
when that knowledge exists there is little chance of it
this loan will be repaid,
this is where resources must go.
And throw you raise your hand in the air
and suggest that, well, gee, whenever crime is committed,
we put all our resources in to prove it, that's not true.
I mean, today, walk to my office,
red light. And I admit,
I walk across the road against red lights.
I am really guilty of doing jaywalking, and I can get a ticket.
Do I get it? No.
That must be complete waste of NYPD resources
to issue me tickets and divert them from actual crime
that happened in the city,
and that's where everything returns to this...
this... this wisdom idea.
And regulators and prosecutors must act with the necessary wisdom
when to file a claim and when not to bring charges.
Neil of course is entitled to his opinion.
Uh, I...
Disagree with characterization
that this is jaywalking
because I think it's systemic and in the long run,
and finally the risk passed without notice to...
You know, to third parties.
Maybe there should be a penalty for setting for this type of behavior,
without question, but who's hurt? Who loses money?
Who is... the taxpayers who are hurt?
Who are the investors who are injured?
Who are the individuals who have lost their homes?
Who are the people who cheated into mortgages they cannot afford
and thrown out on the road?
Who loses their life savings?
What financial system collapsed?
What is GDP affected because of the actions taken by Abacus?
And as far as I know, nothing.
Frankly, if every bank has... has been covered and Abacus
during the indictment period, we will not experience a financial crisis.
We really need to talk about one problem now,
that is whether or not we have to testify Jill.
Very difficult, as we continue to switch back and forth.
Since yesterday, Rusty believed that he had to testify.
Kevin, take a different position.
He is a little more hesitant. Right.
And daddy feels so far that Jill must testify.
Actually, rusting and daddy have the same opinion.
And I-
right. And he thinks so a jury might not feel much towards a corporate institution,
whereas if you put a personal face to it, like Jill,
they will start to see and feel and realize that
the consequences of belief are... serious.
However, others believe that if they don't make their case
then you stop there.
Also, there is nothing really said about Jill... right.
To imply it in everything.
Right. I feel that I haven't done it hear the reason for using Jill.
In fact, if you don't use him,
not because you tried hiding anything, but because
nothing... no... nothing needs to be maintained.
Nothing has to be maintained.
Excuse me! Excuse me! Am I in voice or what?
Yes. Yes. The mother is talking.
That's a very good question. He isn't here now.
He doesn't even want to have it this conversation yesterday.
The feeling we get from him is that if he needs to testify he will,
but he will feel bad if somehow he doesn't testify well
and that will produce in negative results, um.
Yes, he will... he will blame himself.
I just want... daddy, I know you feel strong about Jill testifying,
and I feel that the same way, but one...
are you no longer? Good.
Have changed your mind.
Yes, change your mind. Yes.
So how do we feel if Jill doesn't take a stand
and we don't win this case?
Will we regret it?
I can answer it, I can answer it.
I have given this problem careful and thorough analysis.
If the results aren't for me,
I don't and shouldn't feel sorry.
They say, that's their theory,
that such documents are very clearly wrong,
Mr. Tam and Mr. Wong and other banks underwriters should arrest that,
and the fact that they did not catch it suggested that they be involved in fraud.
That's what they say to you, women and men.
But here's the problem. Fannie Mae,
the best underwriter in the country, everything they do, all day, every day,
is seeing loan files from throughout the country.
They are the gold standard, and they don't see anything wrong with these documents.
So, if the best is not wrong, how can it be criminal?
This is not.
And here, I'll do it show it again,
Email Fannie Mae from 2012,
because it gives light
about this problem.
"We recognize that you have it very unique needs
" which are closely related to the borrower you serve.
"When doing something adjusted in this environment
" is very difficult,
"The team committed to do whatever we can
to develop solutions that are appropriate unique needs of your culture."
Women and men, Fannie Mae himself
admit here this is Chinatown.
That's a thousand small business, first generation,
special needs... and banks serve the community.
Does it pose a challenge to the bank? Correct.
It will be much easier to handle a group of investment bankers
who have w2s and tax returns all the time.
It will be easier, but the bank has chosen to serve
this community, challenge and all.
Abacus's own narrative that they are trying to give you
is what they tried helping hard workers,
first generation immigrants live American dreams as community services.
That's awesome, and that's great, and Abacus Federal Savings Bank
free to do that and then hold risk on their own book.
What they are not free to do is risk with other people's money and not tell them.
They can't take that risk and pass it on to others without telling the truth.
Thank you. 5... 6 bowls. 6 bowls.
And then he tried to say that this loan
It seems representative of of our entire loan portfolio,
it's not true.
He really rolled his eyes... in your mission
and build this bank for this community, to serve the community
and help these people look for American dreams.
He just throws it away.
Isn't that lucky, at my age now,
I can barely hear everything that is said in court?
- That's because you... - it's a blessing.
Selective hearing.
Do you observe in the beginning
that is respectable Cy Vance himself
attend the beginning?
I don't see it.
I have seen it on TV,
and he is a lot smaller personally.
Ha ha! Yes!
As a family we are always very close,
but we've been united even more during this very good time.
Why are you laughing at me?
He cries,
and now he laughs out loud.
Judge Sounds like "godfather."
No, he said he had to save his voice for the cost of the jury
Because it will happen within a few hours.
Are you not eating? What kind of rice? Are you on a diet?
No, not me.
Each defendant is accused of 20 major theft charges at the second level,
one big theft count in the first level,
48 allegations of falsifying business records in the first level,
9 number of housing mortgages fraud in the second level,
1 count of housing mortgages fraud in the first level,
and one conspiracy charge in the fourth level.
Jury, your responsibility in this case
very important;
However, it's limited to for this case.
You have not been asked for some general assessments
corporate governance in America or whether the bank is good or not.
You are not here to send messages to anyone.
You are here to determine whether people have been proven, without a doubt,
that the defendant is here tried
guilty of one or more crimes charged in this case.
If they go to defend us all,
We hope that happens quickly, Do you know what I mean?
And like, "oh, we heard this proof. It's not worth it."
Just confirm everyone.
This is really when shooting nerves,
do not know what jury will decide
and wonder how they haven't returned.
At this point, now, I think that really bothered me.
This is like, why can't they see it what seems so clear in the trial?
Hate waiting in court. It's boring and annoying.
I prefer to do work, but our lawyers want us to be here in court.
If the jury has a question, they want the jury to see it
we are still here and we can help select the document.
So, I have to bring a lot of working-work picnic baskets.
Day by day, jury does not return.
And, actually, the jury asks for various documents -
some, you know, are not profitable for prosecution, some are not profitable for defense.
First note back, and they say
they want a loan list that D.A. is claiming it's bad.
And then they want all loan files for that loan.
And then they want it all rejection files.
It arrived at the point when we really tried to analyze
handwritten on note.
We all know we don't do anything. That... that... that's...
I mean, it's impossible we were found guilty of all charges.
That is impossible.
We are driving ourselves angry trying to speculate,
"oh, this person must think about this,"
and maybe they are thinking just the opposite.
There are 3 different opportunities where we are hanged judges.
Everyone feels very strong in their view of it
and good, substantial is enough evidence why.
Existing facts have made a mistake at the bank,
not really in dispute.
The real essence of this case
can you link it What has happened
for Mr. Wong, Mr. Tam, and Jill Sung.
Where we have the hardest time, is a forged business record
and therefore there are too many hands
touched in all bank for credit approval process
for things that are not noticed.
So, for me, it's called being the big question is,
is there a conspiracy behind this.
There is one specific jury, not Jessica,
who feel that we are judges sort of a broader responsibility
remember the context financial crisis of 2008,
to make an example out of this bank,
that somehow we do harm to... to the public,
for possible criminal justice system, by letting them run freely.
We sent the note on June 3 to the judge
that we are desperate dead.
8 is on the innocent side.
4 guilty,
and I am one of 4 in the guilty.
Hello? Hi. Good.
So they were dismissed today,
and they return with a note again
say that they are deadlocked
and both parties insist.
And one of the judges actually came out,
and he already told us yesterday
he plans to go and see his brother in Florida,
who have this very bad disease,
and be the judge promised that tomorrow night
he will leave, get out of here.
So the judge gives them what they call Allen's fees,
which basically says, "Go back and try to do this."
That means that at the end of tomorrow
whether there will be a decision,
or there will be a trial cancellation.
Tomorrow. There he is.
Tomorrow will be the last day,
whether or not there is a unanimous decision,
the judge will do it jury debit.
At the end of tomorrow, will be one or a decision.
It's over by the end of tomorrow
except Cy Vance, in unlimited wisdom,
decide to try this case again.
Jill, why did you call mom?
Mommy is concerned about welfare.
He is 80 years old, and he is already awake
since 5:30 am, and he doesn't eat anything for dinner.
We have to take you home,
so let's get food.
Papa, you do.
Can you hear mother?
So we will put him on a...
he will go home now, mother.
You have to go home, daddy.
Mommy is worried.
Good. We will eat.
You have to eat now.
It kills you.
After a long trial
and many accusations against them,
there will be very small possibility
that, you know, the bank will become truly freed.
The jury will find them guilty of something.
If we go down on one, that is defeat.
You know that must be 80 for nothing.
You are also a criminal, or not.
If you are found guilty of in one major crime,
it will be very serious consequences for the bank.
Articles "New York times" on Friday, June, 5, 2015.
"After a 4-month trial, a jury found
" Abacus Federal Savings Bank and two senior officers
"Not guilty of big theft and other costs on Thursday,
"Refusing Manhattan business district attorney
" To prove that banks are systematically lying for years
"to federal citizens mortgage associations.
" After the court clerk reads the 240 number
"and repetitive words & apos; innocent & apos;
" after each, Sung family members cry
and embrace each other. "
How do we feel?
How do you feel?
I feel relieved. Relief.
So much emotion.
Very very happy, even though.
No no. During the trial.
Now you can express your feelings.
I feel very happy.
I really look forward to all of us
can continue.
My father... we have to send a message to him,
and actually you wake up and call him.
He doesn't respond to doing text,
so I call him.
He answers the phone
and just that sort of thing step back
and start microwave vegetables
and say, "um, what? There is a decision?
Oh Should I come?"
Like, you know, processing.
I don't feel great about it,
but I won't feel great
if the verdict is guilty.
How the law is read to us
is that under each cost all different elements
must be fulfilled.
In my mind, there are pretty much
3 of 4 requirements meet but not all,
and even though that you feel strong
that there is guilt in several aspects,
You cannot choose guilty verdict,
and that's where the change comes for 4 of us
to move to an innocent party.
It does the right thing.
In the end, is hard to believe
that prosecutors have spent time But years are needed
to really build the case then...
after they see everything their work has resulted...
that they will think that they have enough evidence
to take this case to court and win.
Abacus is not released.
That is not released.
Dismissal is when someone is proven to be innocent.
I don't think there are any here that say
that Abacus proved innocent.
Poor losers come to mind.
There is a right thing to say
when the prosecution office loses a case.
"We respect... even though we don't agree with the decision,
we respect the jury's sentence."
Exactly.
Of course I am very happy at that time.
I was very happy at that time.
I feel relieved
because it's been a long time,
and I just want... want... want to continue my normal life.
"Founder of the bank Thomas Sung...
" 79...
"Word,
" & apos; This wrong prosecution runs out of a small community bank
"& apos; like ours.
" This is gross injustice,
"Not only for small banks,
"& apos; But it makes a shadow in our community.
This is really prejudice and incorrect. & apos;"
good.
Not guilty.
Not guilty. Not guilty.
The D.A. has been completely and completely gone.
Now this section is very important.
We Chinese must learn from other minorities
when it comes for the benefit of the community,
You have to let those who are in power know
that this will happen never happens again.
Everyone's fair game,
and the question is what will we do about that?
I think we need to choose, and we need to challenge people
to make them responsible.
Yes. Superimposed.
Good. I'm very happy you're all here
in a very happy moment,
and I want to thank everyone support and dedication
The last 5 years we went
through this unusual experience,
and let's look happier the next day.
Good. Listen up. Listen up.
Let us eat cake! Let's eat cake!
Let them eat cake.
This is really good.
This is green tea. Black beans, green tea.
There are many different flavors.
Jill, voice-over: Not really celebra...
I mean, we are proven right, and that's great,
but our goal is never to go through criminal trials
and proved true.
Our goal is to serve our community, right,
so this is very unfortunate.
This is a tragedy.
We have lots of cakes. We may have too many cakes.
The fact that they found innocence
give us all that hope America we trust
still... you still have a chance,
but that will cost you $ 10 million.
Thomas, voiceover: The Chinese have a saying.
If you want very hard, steel sharply makes swords,
You have to go through fire.
This experience must be done my daughter is stronger,
makes them better people.
Vera, voice-over: I got an SMS from a friend,
which is part of China immigrant community,
and he said that he saw on the news this morning
and feel proud become a Chinese American,
so that really makes it all this is valuable.
Good. Watch Out. Bye! Delivered by: www.subtitlecinema.com