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BofA Freezes Licensed Gun Manufacturer’s Deposits
#1
On December 29, the owner of American Spirit Arms; Joe Sirochman relayed this chilling news via Facebook:


American Spirit Arms was featured in the Feb 2012 issue of Guns Magazine. Click to read article.

All,


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…

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 "

http://www.facebook.com/permalink.php?st...7153142789
glocke12, proud to be a member of pa2a.org since Sep 2012.
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#2
BoA is known to be anti 2A so why is there a gun shop doing business with them in the first place?
When they come for my guns; It is not my right, at that point,
but my responsibility to respond in the name of liberty.
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#3
I don't see what the big deal is. I left BoA decades ago for being treated worse than that as a regular customer.

BoA sucks, big time, and the nightmare stories about them are everywhere.
“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.”

William Pitt
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#4
The problem I see with this is that if selling firearms and parts is not prohibited under their terms of use, BofA has no standing to hold the funds.

Personal opinion doesn't stand up to contracts.
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#5
I use Navy Fed. Never looked back
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#6
A bank's job is not to police purchases. Only to safekeep people's money.

We've never banked with BofA.....
Error 396: Signature cannot be found.
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#7
Isn't BoA the most robbed bank in the US?
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#8
Philadelphia Patriot;64036 Wrote:Isn't BoA the most robbed bank in the US?

Not sure, but it sure as hell sounds like their customers may be.
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USAF (1976 -1986) NRA, GOA Anim_sniper2
"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
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#9
I'm sure the guy would love to sue, but his funds are currently frozen, probably doesn't have the cash on hand to hire an attorney.
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#10
This is just one of those stories that does not smell right to me. Shrug
Dave, proudly annoying members of pa2a.org since Sep 2012.
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