Bank of America freezes the account of a firearms manufacturer
According to the owner of American Spirit Arms, Joe Sirochman, Bank of America has frozen his company’s account because they do not like the business he is in.
Here is what Mr. Sirochman posted on Facebook:
My name is Joe Sirochman owner of American Spirit Arms…our Web site orders have jumped 500 percent causing our Web site e-commerce processing larger deposits to Bank of America. So they decided to hold the deposits for further review
In a way I can understand that position; suddenly Mr. Sirochman is making deposits which are much, much larger than normal so there is a chance there could be something fishy going on that the bank would like to take a look at. Kind of making sure everything is on the level, but that is not what is going on here.
Joe Sirochman was told this by a bank representative:
I finally got a manager in the right department that told me the reason that the deposits were on hold for further review — her exact words were — ‘We believe you should not be selling guns and parts on the Internet.’”(emphasis added)
Bank of America seemingly doesn’t believe that Joe Sirochman should be selling weapons and parts over the internet even though it is a legitimate and legal business venture.
Mr. Sirochman is now looking for another bank and I would suggest that anyone who is a gun owner or second amendment advocate who does business with Bank of America do the same.