Documents Reveal Chinatown Landlord, Bank
& Restaurant Owners Form Axis of Exploitation to Cheat
Workers of Wages and Tips
As recently revealed in the restaurant lease
for the New Silver Palace Restaurant (NSP), Chinatown landlord
Joseph Chu, the President of Eastbank and NSP restaurant owner
Richard Chan arranged a scheme to divert hundreds of thousands
of dollars from the restaurant to repay a loan secured personally
by Chan. In the meantime, restaurant workers had their tips
stolen and wages withheld continually over the last 5 years.
The 1997 lease between Joseph Chu who conveniently was both
the President of the Eastbank and is the restaurant's landlord
stipulated that the New Silver Palace (and essentially its
workers) must assume a $1.25 million loan with interest payments
of $10,000 a month that was taken out by the old Silver Palace
Restaurant. First, the old Silver Palace and its debts had
been dissolved through bankruptcy meaning that the new restaurant
should not be held liable for the old Eastbank loan. Second,
payments for the Eastbank loan were to be paid to Joseph Chu
as landlord. Joseph Chu has used his position as both Eastbank
President and restaurant landlord to weave an elaborate web
of greed that resulted in workers being denied their wages
and tips and losing their jobs.
In addition to this "under the table" arrangement,
the restaurant's owners have outright extorted tips from workers,
withheld wages and used physical violence against workers.
Now, New Silver Palace Workers and supporters are demonstrating
against the New Silver Palace 'Axis of Exploitation' and calling
for government investigation of Eastbank and Joseph Chu.
CALL FOR PICKET SCHEDULE
Call to (718) 625-9091 to confirm you are coming!
In front of Eastbank NW Corner of Centre Street & Canal
Street
(N/R/W/Q or 6 train to Canal)
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mail: NMASS P.O. Box 130293, New York, NY
10013-0995
email: nmass@yahoo.com
Brooklyn Workers Center: 93 Third Avenue,
Brooklyn (corner of Bergen St.)
tel: 718-625-9091 • fax: 718-625-8950
subway:N/W/R or 4/5 or 2/3 trains
to Atlantic/ Pacific Subway stop. (map)
Lower East Side Workers Center: 59 Hester
Street between Ludlow and Essex
tel: 212-358-0295• fax: 212-358-0297
subway: F train
to East Broadway
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