Personal Finance Advice and Commentary

Thursday, September 29, 2011 3:21 pm
By Marcie Geffner · Bankrate.com

Four years and $6 million. That was the prison sentence and restitution demand recently imposed on a man who pleaded guilty to federal bank fraud charges. Kwong Hung Lam, a.k.a. “Eric Lam,” was the president and sole owner of New Century Enterprise, an importer and distributor of casual clothing headquartered in Farmingdale, N.Y., according to