Bank of America Freezing Gun Manufacturer’s Accounts

By:  Selwyn Duke
01/09/2013
       
Bank of America Freezing Gun Manufacturer’s Accounts

You might think that a professional outfit such as Bank of America operated based on stated policy and not caprice. But not according to owner of American Spirit Arms Joe Sirochman.

You might think that a professional outfit such as Bank of America operated based on stated policy and not caprice. But not according to owner of American Spirit Arms Joe Sirochman.

On his Facebook page, Sirochman tells of his adventures with the banking giant. Like other gun dealers and manufacturers, his business is booming currently — Internet orders are up 500 percent. This caused there to be an unusual number of deposits made to his business’ BoA account via his website’s e-commerce system, triggering an account freeze. This may not seem strange, as banks have security systems that temporarily freeze accounts when detecting anomalous activity. This happened to me once after using my debit card to make an unusual series of purchases; the freeze was irritating, but nothing a few minutes on the phone didn’t remedy. But this is where Sirochman’s story takes a bizarre turn. He writes (edited for style):

After countless hours on the phone with Bank of America, I finally got a manager in the right department who 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.”

Shocking.

Click here to read the entire article.

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