Related Research Articles
Embezzlement is the act of withholding assets for the purpose of conversion of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes. Embezzlement is a type of financial fraud. For example, a lawyer might embezzle funds from the trust accounts of their clients; a financial advisor might embezzle the funds of investors; and a husband or a wife might embezzle funds from a bank account jointly held with the spouse.
The Chinatown centered on Grant Avenue and Stockton Street in San Francisco, California, is the oldest Chinatown in North America and the largest Chinese enclave outside Asia. It is also the oldest and largest of the four notable Chinese enclaves within San Francisco. Since its establishment in 1848, it has been highly important and influential in the history and culture of ethnic Chinese immigrants in North America. Chinatown is an enclave that continues to retain its own customs, languages, places of worship, social clubs, and identity. There are two hospitals, several parks and squares, numerous churches, a post office, and other infrastructure. Recent immigrants, many of whom are elderly, opt to live in Chinatown because of the availability of affordable housing and their familiarity with the culture. San Francisco's Chinatown is also renowned as a major tourist attraction, drawing more visitors annually than the Golden Gate Bridge.
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques (checks) and electronic transfer. In economic terms, the funds held in a transaction account are regarded as liquid funds. In accounting terms, they are considered as cash.
Riggs Bank was a bank headquartered in Washington, D.C. For most of its history, it was the largest bank headquartered in that city. On May 13, 2005, after the exposure of several money laundering scandals, the bank was acquired by PNC Financial Services.
James Duval Phelan was an American politician, civic leader and banker. He served as Mayor of San Francisco from 1897 to 1902 and represented California in the United States Senate from 1915 to 1921. Phelan was also active in the movement to restrict Japanese and Chinese immigration to the United States.
Cheque fraud, or check fraud, refers to a category of criminal acts that involve making the unlawful use of cheques in order to illegally acquire or borrow funds that do not exist within the account balance or account-holder's legal ownership. Most methods involve taking advantage of the float to draw out these funds. Specific kinds of cheque fraud include cheque kiting, where funds are deposited before the end of the float period to cover the fraud, and paper hanging, where the float offers the opportunity to write fraudulent cheques but the account is never replenished.
Like many other communities, the older Chinatowns face certain social problems. Although Chinatowns are now generally viewed and valued as tourist attractions, their earlier reputation was that of dangerous or dilapidated ghettos and slums, sites of brothels, opium dens, and gambling halls.
Michinoku Bank is a Japanese bank that is headquartered in Aomori, Aomori Prefecture. The name “Michinoku” is distinctive in that it was the first use of hiragana in the name of a Japanese bank. Michonoku Bank, while focused on the Tōhoku region, has a network of branches and subsidiary companies that expands beyond the region. In Japan, Michinoku has offices in Hokkaidō, Akita, Iwate, Miyagi, and Saitama Prefectures, as well as a branch in Tokyo. Outside Japan, Michinoku has established Michinoku Finance Ltd in Hong Kong, established representative offices in Wuhan and Shanghai, China, and has opened three branches throughout Russia in Moscow, Khabarovsk, and Yuzhno-Sakhalinsk, through a subsidiary corporation, The Michonoku Bank (Moscow), though expansion into Russia has met with some controversy.
An overdraft occurs when money is withdrawn in excess of what is on the current account. In this situation the account is said to be "overdrawn". If there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.
Judy Yung was professor emerita in American Studies at the University of California, Santa Cruz. She specialized in oral history, women's history, and Asian American history. She died on December 14, 2020 in San Francisco, where she had returned in retirement.
ChexSystems is a check verification service and consumer credit reporting agency owned by the eFunds subsidiary of Fidelity National Information Services. It provides information about the use of deposit accounts by consumers.
The Agricultural Bank of China robbery was the embezzlement of nearly 51 million yuan from the Handan branch of the Agricultural Bank of China (ABC) in Hebei province between March 16 and April 14, 2007. Perpetrated by two vault managers employed at the branch, it is the largest bank robbery in China's history.
Bazaar Canton was an Asian food and gift store founded by Amy Gee and Stanley Gee in Livermore, California. Bazaar Canton operated from 1971 to 1988 and was the first Asian food and retail store in the Livermore-Amador Valley. It provided an introduction to Asian culture for many residents in the Tri-Valley area.
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
José Cisneros is the elected Treasurer of the City and County of San Francisco, California. He was appointed by Mayor Gavin Newsom in September 2004, defended his position in 2005 and was sworn in for his first full term in 2006. The City Treasurer serves as the City's banker and chief investment officer, managing all tax and revenue collection for San Francisco.
Warren James Hinckle III was an American political journalist based in San Francisco. Hinckle is remembered for his tenure as editor of Ramparts magazine, turning a sleepy publication aimed at a liberal Roman Catholic audience into a major galvanizing force of American radicalism during the Vietnam War era. He also helped create Gonzo journalism by first pairing Hunter S. Thompson with illustrator Ralph Steadman.
The Chinese Ring is a 1947 American film directed by William Beaudine.
Rita A. Crundwell is the former Comptroller and Treasurer of Dixon, Illinois from 1983 to 2012, and the admitted operator of what is believed to be the largest municipal fraud in U.S. history. She was fired in April 2012 after the discovery that she had embezzled $53.7 million from the city of Dixon for over twenty-two years to support her championship American Quarter Horse breeding operation. Crundwell pleaded guilty to her crimes and was sentenced to 19 and a half years in prison. She spent less than 8 1/2 years in prison before being released in mid-2021 to a house confinement at her brother's 80 acres (32 ha) farm in Dixon.
The Rhode Island banking crisis took place in the early 1990s, when approximately a third of the US state of Rhode Island's population lost access to funds in their bank accounts. The events were triggered by the failure of a Providence bank, Heritage Loan & Investment, due to long-term embezzlement by its president. News of its problems led to a bank run in which customers tried to withdraw money from the bank which did not have enough money available. In normal circumstances, depositors would be protected by the bank's insurance, but the state's private insurer had a long history of problems and was unable to fulfill its commitments. When the insurer collapsed, Governor Bruce Sundlun announced the closure of 45 credit unions and banks just hours after his inauguration.
Shanita Namuyimbwa, also known as Bad Black, is a Ugandan socialite, commercial sex worker, and extravagant spender.
References
- ↑ "Coast Chinese Upset by Arrest Of Dolly Gee, 64, in Bank Loss". The New York Times. 1964-01-12. ISSN 0362-4331 . Retrieved 2022-01-08.
- 1 2 Yung, Judy (1995). Unbound Feet: A Social History of Chinese Women in San Francisco. University of California Press. pp. 138–139.
- 1 2 3 Hinckle, Warren (2018). Ransoming Pagan Babies: The Selected Writings of Warren Hinckle. Heyday. ISBN 9781597144254.