The Ted Dang Deposition
Goddamn! This man ran for Mayor and was on the Alameda
County Grand Jury!?! Why are we forced to put up with scum like him?
Click here for all the choice details as Ted protects his pal, Councilmember Henry Chang! Warning: This file is long and contains so much corruption it might take a wee bit longer than you're used to to download. It's also a .pdf file, so you need Adobe Acrobat on your computer to read it.
Sleaze In The World of Non-Profits
It saddens me to see Ted Dang is still able to manipulate transactions that are unethical or fraudulent..
Ted Dang and Sherman Lim (banker) mentioned in deposition about the Chang / AADA Bancroft Property Land Deal, both are on the Board of Directors of the East Bay Asian Land Development Coporation. A non-profit Housing Organization in Oakland.
A.k.a. --- E.B.A.L.D.C. owners of Swans Market, over 700 housing rental units, and nearly 100,000 sguare foot of retail space is a huge entity.
They have partnerships with Affordable Housing Associates, Jubilee West and others...
During 2001, E.B.A.L.D.C. took over the Oak Park Apartments in Oakland (2816 East 16th Street) from a notorious slumlord named David Choo. David Choo was sued by the renters of Oak Park Apartments for slum conditions by attorney Jay Koslovsky on behalf of the renters. The tenants prevailed in the suit and won nearly 1 million dollars to be split between the renters and attorney J. Koslovsky. Came to around $20,000 (dollars) per family when all was done and said for the low-income immigrant families who won the suit.
David Choo lost the property, and E.B.A.L.D.C. moved in on it thanks to their connections.
Shortly after taking over the property (Oak Park) of now wealthier immigrants, E.B.A.L.D.C. whose Board Members include Ted Dang and Sherman Lim from the Deposition above went right in after the immigrants law suit money and frightened most families into giving the non-profit $20,000 per family to remain there as renters paying 1-2 years of rent in advance in a place of slum like conditions. The tenants were not made into partners of the project after giving up all of that money...
Theres a real story there for that one...How does a so-called non-profit housing organization frighten low-income immigrant families into giving up $20,000 per family to stay in a place with slum like conditions?
According to State Law, renters are allowed to withold rent under such circumstances, and these folks were convinced to pay rent in advance...Whats the real story on that one? I checked it out, and the answer does exist... It was all about money, and how to get more money out of the situation...
I am aware of another case where Ted Dang sold a property to a non-profit (Brown Fileds) that allegedly was cleaned up for use. Turned out that it was not, but, by then it was to late for the new owners. I have a source on that one.
Why is Ted Dang allowed to be on the Board of E.B.A.L.D.C which claims to be the premier non-profit housing organization in the East Bay? Or, Sherman Lim of Mechanic's Bank which was not mentioned in the Deposition papers on line....How do the weasels of the world become Board Members of the Mother Teresa type Non-Profits?
Lynda Carson
Posted by: Lynda Carson on January 15, 2003 01:46 AM*This discussion has been closed. No more comments may be added.*