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Thread: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

  1. #11
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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Quote Originally Posted by Lutherf View Post
    My understanding is that they are treating it as a fraud investigation since the volume blew up so much.
    Yeah, this is a sadly common problem. I have a friend that has a side business of publishing boardgames and some books. A pre-order he arranged for, for him, a very popular book (it is reprint of a web comic series) got so large so fast that his CC processor froze the entire account. Fortunately he had the funds outside that to pay off the printers and get through to the shipping and past the time it took for the freeze to get taken off. But it is a cash flow problem that small businesses, particularly online ones, face. Paypal is infamous for doing this, too.

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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Quote Originally Posted by Lutherf View Post
    Little by little I have been directing clients to Chase if they need a bigger bank. They aren't great but they also aren't BofA or Wells Fargo.
    Whats wrong w/ Wells Fargo? I've had BoA, Suntrust, ****tybank and Wachovia (now Wells Fargo) and I like Wells Fargo the most out of the bunch. Suntrust were good but not as many locations. Everyone else were crooks.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Quote Originally Posted by Lachean View Post
    Whats wrong w/ Wells Fargo? I've had BoA, Suntrust, ****tybank and Wachovia (now Wells Fargo) and I like Wells Fargo the most out of the bunch. Suntrust were good but not as many locations. Everyone else were crooks.
    I've had bad experiences with them.
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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Quote Originally Posted by Lachean View Post
    Whats wrong w/ Wells Fargo? I've had BoA, Suntrust, ****tybank and Wachovia (now Wells Fargo) and I like Wells Fargo the most out of the bunch. Suntrust were good but not as many locations. Everyone else were crooks.
    As far as personal banking there is no significant problem with Wells Fargo but their lending division, their payroll division and their financial services are all horrible. The horror stories regarding getting a loan through WFB (especially and SBA loan) are legion and I have had more than one occasion to believe that racial bias may have been in play. Their financial services.......I have a number of clients who have brokerage accounts that are now with WFB and these people are getting screwed. I'm seeing TONS of trades with little to no positive results, no real contact with the customer and fees at the high end of the management spectrum. As far as I'm concerned Grandma shouldn't be paying 2.4% on her half million dollars that has lost 30% in 2 years.

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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Quote Originally Posted by Lutherf View Post
    As far as personal banking there is no significant problem with Wells Fargo but their lending division, their payroll division and their financial services are all horrible.
    I have had issues with them, too. Our mortgage is with them (we did not choose them, it had to do with a company move). At one point, relatively early on but not initially, they double-tapped our checking account for a mortgage payment, which triggered a few overdrafts before we noticed the double-withdrawl. It was a royal PITA getting reimbursed for the overdrafts even though they immediately admitted it was their bad and got the money from the second withdrawal back in shortly.

    Currently working on refinancing the mortgage so we can kiss them good-bye and then completing the shift of our banking to our employee credit union account.

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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    We dropped BoFa years ago.

    If you want to see an exploding account, try opening a legal defense fund for American Spirit Arms.
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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Quote Originally Posted by lpast View Post
    I closed everything out of Bank of America when they gave visa credit cards to illegal immigrants with no social security numbers and no credit check required.
    When I got my BOA Visa I had to submit an application with all my information and submit to a credit check...I mean give me a BREAK here...I dumped them.

    Bank of America has reportedly frozen the account of gun manufacturer American Spirit Arms, according to its owner, Joe Sirochman.

    In a Facebook post dated December 29, Sirochman wrote the following:
    “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.
    “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.’”(emphasis added)
    Sirochman also wrote that he told the bank manager that “they have no right to make up their own new rules and regs” and that “[American Spirit is a] firearms manufacturer with all the proper licensing.”
    He also noted that he has been doing business with Bank of America for over 10 years, but will now be looking for a new bank.
    According to Unlawful News, this isn't the first time Bank of America has targeted a customer involved in the firearms industry.


    Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims | CNS News


    Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims | CNS News
    RIGHTWING FRAUD ALERT!

    CNS news is a rightwing lunatic bin that makes up "news". There are no confirming reports from any reputable sources. CNS "source" is a Facebook post from a gun runner.

    B of A says the spike in transactions merely prompted a customary review to prevent fraud.

    Joe Sirochman and American Spirit Arms says Bank of America withhheld money

    In short, Sirochman is another paranoid gun nut.

    eewe2.jpgeewe2.jpg

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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Gotta luv the "Law of Unintended Consequences". Obama and the liberal nutjobs decide to capitalize on Newtown in order to push their agenda that we all submit to the state always, and begin a process to disarm those who protect our freedoms. Namely you and me.

    And what happens? Firearm sales double, and they ain't slowing down anytime soon. And Obama ain't getting our guns.

    Stupid stupid liberals. See post above mine if in doubt.

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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Quote Originally Posted by Eighty Deuce View Post
    Gotta luv the "Law of Unintended Consequences". Obama and the liberal nutjobs decide to capitalize on Newtown in order to push their agenda that we all submit to the state always, and begin a process to disarm those who protect our freedoms. Namely you and me.

    And what happens? Firearm sales double, and they ain't slowing down anytime soon. And Obama ain't getting our guns.

    Stupid stupid liberals. See post above mine if in doubt.
    But apparently Bank of America is getting Sirochman's money. Paranoia selfdestroya.

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    Re: Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    Quote Originally Posted by head of joaquin View Post
    But apparently Bank of America is getting Sirochman's money. Paranoia selfdestroya.
    LOL ..... so you think BoA has some right or duty to keep S's money ?

    Whatchoo smokin Willis ?

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