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Bank of America

Bank of America seizes e-commerce funds of online gun parts retailer, says they 'shouldn't sell' guns

Friday, January 11, 2013 by: J. D. Heyes
Tags: Bank of America, e-commerce, online retailer

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(NaturalNews) It seems that gun bias is deepening in some sectors of American society, even enticing some firms to break the law - or, at the very least, abuse the law - in order to pursue their anti-Second Amendment agenda.

That certainly seems to be the case with Bank of America, which has reportedly seized the e-commerce funds of a legitimate gun maker for no reason other than to oppose the fact that the company sells firearms and ammunition online.

Joe Sirochman, owner of American Spirit Arms, posted the following on Facebook Dec. 29, verbatim:

My name is Joe Sirochman owner of American Spirit Arms and I wanted to share my recent experience with Bank of America (which we have been doing business with for over 10 years).... Everyone is familiar with the latest increase in guns sales, dealers selling out of inventory, Manufacturers back logged for months, large revenue all generated in the last two weeks .... American Spirit Arms is no exception to the overwhelming demand.

What we have experienced is that our web site orders have jumped 500 % causing our web site E commerce processing larger Deposits to BANK OF AMERICA ..Well, this through up a huge RED Flag with Bank of America. So they decided to hold the deposits for further review , meaning that the orders/payments that were coming in through the web (being paid by the customer and that were shipped out by American Spirit Arms ),the BANK was keeping (UNDER REVIEW )..as you could imagine this made me furious...

'We believe you should not be selling guns...'

Sirochman went onto write that after he spent "countless hours" on the phone he finally made connection with a "a manager in the right department" who told him the reason why the bank made its decision to hold the deposits "for review."

"Her exact words were, 'We believe you should not be selling guns and parts on the Internet,'" he wrote in his post.

Not mincing words, Sirochman said he told the bank manager BoA has "no right to make up their own new rules and regs," and that is firm is a lawful firearms manufacturer "with all the proper licensing."

Keep in mind that as his company received electronic payment for orders, American Spirit Arms shipped the products to its customers who had ordered them; the bank's decision to hold onto the company's funds meant that Sirochman wasn't getting paid even though he had delivered the orders.

"Two weeks of sales only 1/3 of collected internet sales have been released," he wrote, adding that he'd been doing business with BoA for a decade but would be moving to find a new financial institution ASAP.

'We have every right to hold your money as long as we want'

Within hours, Sirochman posted that he had opened accounts in a new "local" bank in Arizona, where his business is located - presumably one that is either wholly supportive of his Second Amendment rights or at least neutral when it comes to political issues - and that, thanks in part to the support of his followers, he had managed to secure all of his e-commerce deposits from BoA.

In an interview with Fox News' Megan Kelly, Sirochman said the bank manager who objected to his gun business told him "we have every right to hold your money as long as we want."

"I told them, 'This wasn't a problem before, when I'd been banking with you for over 10 years,'" Sirochman said, adding that once they started churning out much more revenue from sales, "I feel like they wanted to slow us down."

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