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.
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.
http://cnsnews.com/blog/gregory-gwy...nufacturers-account-company-owner-claims
