Bank Of America Confiscates Funds of Licensed Online Gun Dealer, States: “We Believe You Should Not Be Selling Guns On The Internet”

imagesIt appears that our bankster friends at the Bank of America have decided to use the Obama Administration’s attack on the 2nd amendment as justification for the bank to confiscate funds of their clients in the guns and ammunition industry.  

American Spirit Arms owner Joe Sirochman has revealed that his business’ assets have been confiscated by Bank of America, and a Bank of America exec gave Mr. Sirochman an explanation for the theft ofWE BELIEVE YOU SHOULD NOT BE SELLING GUNS and PARTS ON THE INTERNET.

Sirochman’s full letter below:

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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 threw 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

…I flipped the F**k Out and told them that they have no right to make up their own new rules and regs… that we are a firearms Manufacturer with all the proper licensing FFL (Federal Firearm license ), SOT and that we follow all Federal and All States’ rules and regulations on shipping Firearms and parts ..and that we are also Audited by ATF and Homeland Security on a regular basis …

She said that she understands that but that the deposits will be released after they have a chance to review and clear them … I told her that This was unacceptable and the those deposits (that were a week old by now ) needed to be released ASAP, that we are a small business and rely on the revenue to run and stay operational.

After that being said another Manager got involved and released one of the deposits (to help out )… So far to date after two weeks of sales only 1/3 of collected internet sales have been released ..I am still pissed and looking for another Bank and options …

I just thought the public should know ..

I will keep everyone posted on new developments ..

Sincerely

Joseph P Sirochman
American Spirit Arms
16001 N Greenway Hayden Loop
Suite B
Scottsdale AZ 85260
480-367-9540 phone
480-367-9541 fax

Source: Ironic Surrealism

Comments

  1. That could be devastating for a small business, have your lawyer give them a call..

  2. What can you say, Bankers are Banksters and are affilated with the law now. Soon they will be packing arms and raiding establishments and businesses. Lol

  3. Perhaps Bank of America is just following Orders which were handed down from further up the food chain…

    • This is total Obama bull $hit to use his Fascists in Finance to harass, and make life difficult for honest law abiding citizens.
       
       

  4. Closed ALL bank, credit, brokerage and insurance accounts more than a dozen years ago. Those people are a self-described, self-aggrandizing poseur ‘aristocracy’. I can’t wait until they all sink in their cesspool and we can all get back to an honest forthright life together/

  5. I can’t believe there are still people banking with them.  I closed out my accounts years ago when they started giving credit cards to illegals.
     
    They have been anti gun for sometime now.  Why would a gun manufacturer or industry person want to give BAC their business? 
     
    Boggles my mind.

  6. Obama to Buffett to Moynihan to some dirt sucking worm at the local office.  Adios dinero.  B of a just puked up about $4 billion today to pay back their mortgage fraud and that’s only the tip of the iceberg.  Tens of billions are going to be carved out this this POS drug laundering pack of scum sucking pigs.   Remember when B of A tried to charge every account holder $5 a month.  Nice!   A drug laundering bank getting pissy about a legal business protected under the second amendment. We live in cloud cookooland
    Rot in hell Moynihan.  I mean it in a nice way, of course
    What’s next? locking down coin and bullion dealers?

    • Look more closely at these mortgage fraud “settlements”  and you will see that they are a scam.
      The banks are settling with themselves.  The settlements are used to accelerate foreclosures and to reimburse the banks for writing down the loans.  The Fed pays them whatever they knock the price down by,  the banker friends buy the properties and then they put them up for rent.   The bank gets released from any future legal action without admitting wrong doing.  
      The whole thing is an illusion that the housing industry is bottoming out, prices are firming etc.  But in reality its our money thats being used to take care of the banks.
      The mortgage write downs for homeowners are almost nil in comparison to what the banks get.
      So B of A loves these settlements.

    • I think you are right on target AG. Obama to Buffet to management. Take their accounts and shut them down. Send a message.

  7. This is why a pure digital currency is a bad idea…  You can be blacklisted and your economic life is held in the palm of a bankers hands…    What if “they” decide that we shouldn’t be buying gold/silver.   If political campaigns can say that dollars equal speech, then this is obviously a violation of both the first and second amendment.. They go hand in hand.

  8. The way this whole gun thing is handled in the US, I am getting the impression that it is either a test of numbness or an actual intent to get people agree. If they wanted to just limit gun sales, there would be much more low key ways to do that.

  9. ClintZ  Thank you for making the call to the gun dealer. I’m sure he appreciated the concerns hown by many people who know  a bank robbery when they seeit. 
    B of A is the worst of the breed.  Their Mortgage scams are as you say  They made hundreds of billions in fees and rip of charges.  They get pseudo-dinged a few billies for appearances sake, just like HSBC and UBS for their criminal laundering and terrorist money scams.  net on those deals is probably $250 billion over the years.  Of course, there’s WFB with its bump rates for black and brown people.  I saw that personally when a friend was being ripped off by WFB 10 years ago. I sent him to an honest lender.  That rate and fee difference was at least 2%

  10. I spoke with Joe Sirochman just last week, in person face to face, known him since he was a boy.  Story is 100% true.  His company American Spirit Firearms makes you proud to be an American.  I’ve toured their manufacturing facility.  Quite an operation.  CNC machines spinning everywhere.  He basically makes AR-15′s and is getting into 1911′s.  Great guns.  Gun reviewers describe his rifles as “Stupid Accurate”. 
     
    His company is that small business engine of the economy.  Why would a bank want to make his life more difficult?  Bank of America would only do this if they felt they had the blessing of the Executive Branch.

  11. Looks like a good day to withdraw funds from Bank of A, open a new account elsewhere, and buy some more silver if feasible.

  12. Good point about the absolute hypocrisy of a drug cartel/CIA laundering bank having the audacity that someone shouldn’t be operating a legal business.   Fascism in your face America.    

  13. BOA will be facing a pretty big lawsuit over this and a lot of bad publicity. I closed my account there after they bumped my credit card rate from 7% to 23%. I paid it off the day I got the notice and told them to FOFF. I had a large savings account too that I pulled.
     
    We won’t see a change in Wall Street/Banks running the government until people finally get mad enough to march on Washington with guns to toss out the traitors to the constitution who are breaking their oaths to uphold it. If we don’t this country will become an offshoot of the EU Union and we will be subjects instead of citizens. Even disabled I am willing to stand up and fight to give the next generation a chance t be in one of the few free countries.

  14. You make a good point Mary B. The only way to defeat these forces, whether they banks, governments or corrupt institutions is by changing ourselves.  We change our behavior in ways that make it completely clear this cannot stand.
      We draw the line in the sand and say ‘this far and no further’ 
    Removing money from B of A makes a statement.  If 10,000,000 people do that it could easily be $100,000,000,000.  Cut up the credit cards, pay off the loans and if they want to take our money, we take their by draining our accounts.  Stop paying them, default on the loans. Paying money to a bank like this is almost like being part of their criminal conspiracy, aiding and abetting their enterprise.  Banks can be killed.  Take their life blood, pay them no more.  It can be done.

  15. Nothing appens by accident, Someone in the cabal ordered this.

  16. Think about how they could destroy anyone who “steps out of line” if the puplic is forced into a cashless society. This is what patriots and libertarians have been warning about. One push of a button and you are wiped out! If one doesn’t have enough reasons already to own PMs remember this story and think about what they can do. Silver is money everywhere on the planet!

    • Has anybody here read “A Handmaid’s Tale” by Margaret Atwood? Scary read. Incredibly written, and incredibly relevant I believe.

      **Spoiler Alert**

      Basically a theocratic dictatorship is established where women have no rights. They can’t own money or property, they can’t learn to read, they are slaves who are valued for little more than their wombs (those whose wombs still work in the highly polluted future she depicts).
      The U.S. is depicted as a cashless society before the theocratic dictatorship takes over. One day the woman the book focues on is in the market to buy cigarettes, and suddenly her electronic cash card (called a Compucard in the book) is denied. She knows she has money in her account—she just got paid, except now she can’t get at it. The government seized all women’s electronic funds, then consequently, any property they once owned.

      Of course they disarm the whole population, male or female too. Naturally, the government has guns and uses them to crush any dissenting thoughts.

      This would be all to easy to accomplish in any cashless society. Instead of just women, it could be everybody though. Heck, just look at MFGlobal – it’s already happening!!

    • @CactusAttackedUs: Is that the one that they made a movie into starring Sigourney Weaver & Robert duvall?

  17. This action by the Bank of America is a disgrace.
     
    This story should be posted on the NRA website. The NRA should be enlisted to provide advocacy.
     
    Gun owners are passionate about their 2nd Ammendment rights (for good reason), and if they get stirred up about this (and I think they will), a mass exodus from Bank of America could take place.
     
    Additionally, businesses that rely on banks for credit etc, should always be dealing with two banks…..it makes them less “trigger happy”, and gives the business owners options.

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