Bank of America has allegedly taken the drastic step of inserting their political views into their banking business. American Spirit Arms Owner Joe Sirochman, a major American gun manufacturer, says that their accounts were frozen by Bank of America and they were told by a company manager that it was because they “shouldn’t be selling guns on the Internet” according to the Blaze.
Joe Sirochman wrote on American Spirit Arms’ official Facebook page in late December:
“My name is Joe Sirochman owner of American Spirit Arms…our Web site orders have jumped 500% causing our Web site e-commerce processing larger deposits to Bank of America. So they decided to hold the deposits for further review…as you could imagine this made me furious…After countless hours on the phone with Bank of America 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.”, [W]e are a firearms Manufacturer with all the proper licensing FFL (Federal Firearm license ), SOT and that we follow all Federal and All States’ rules and regulations on shipping Firearms and parts ..and that we are also Audited by ATF and Homeland Security on a regular basis.”
Sirochman says that he flipped the F**k out when he heard the managers excuse, then he told her she had no right to make up rules and regulations against an industry she disagrees with.
Sirochman said that Bank of America has only release one-third of the company’s money has been released by the bank.
“This isn’t the first time Bank of America has targeted a customer involved in the firearms industry. McMillan Group International was reportedly told that its business was no longer welcome after the company started manufacturing firearms – even after 12 years of doing business with the bank”
Sirochman said that the company will be ceasing their business with Bank of America and will be looking for a new bank.
Do you think that Bank of America has the right to punish companies who disagree with their political viewpoints?