BOFA Froze Assets Of Gun Manufacturer

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Bank of America decided it didn’t like the way a gun manufacturer was selling guns and parts on the internet so they froze the company’s account. How is this even legal?

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

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In a Facebook post dated December 29, Sirochman wrote the following:

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“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.

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“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)

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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.” (Read More)

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Sirochman said he has done business with BofA for ten years, but that’s about to come to an end.

Well, Obama’s task force said they were going to be looking for help on gun control from corporations, so why not enlist the banks while they’re at it?