Bank of America freezes the account of a firearms manufacturer
Joe, let me suggest USAA. When I finally get a new job, that’s where my direct deposit will be going.
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…
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