‘We Believe you Should not be Selling on the Internet:’ Bank of America Freezes Gun Manufacturer’s Account

Via The Examiner:

Joe Sirochman, owner of American Spirit Arms, an Arizona-based company that describes itself as a “leading US manufacturer of precision firearms,” including parts and accessories for weapons patterned after the AR-15, M-16 and M4, said in a Facebook post that Bank of America decided to freeze his deposits, telling him they believed he should not be selling weapons on the Internet, Jim Hoft reported at the Gateway Pundit on Sunday.

In his post, Sirochman said that his company saw a 500 percent increase in web sales recently, throwing up what he called a huge red flag at Bank of America, a company he has done business with for over ten years.

“So they decided to hold the deposits for further review,” he wrote, “meaning that the orders/payments that were coming in through the web” were being held for review by the bank. The action, he added, “made me furious.”

After spending “countless hours” on the phone, he finally spoke to a manager who reportedly told him in no uncertain terms why the funds were being held.

“We believe you should not be selling guns and parts on the Internet,” the unidentified manager allegedly said.

Sirochman said that he “flipped” out, adding a very colorful metaphor, and told the bank “that they have no right to make up their own new rules and regs.”

After explaining that his company is above-board with all the proper licensing and audits, the manager insisted the bank would need to review and clear the deposits which were a week old at that time.

Eventually, he said, another manager got involved and released one of the deposits.

“So far,” he said, only one-third of two weeks’ worth of deposits from sales have been released.

Sirochman says he is looking for another bank.

“I just thought the public should know,” he wrote.

We contacted Mr. Sirochman for additional details, but have not received a response as of this writing.


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