B of A Freezes Gun Co. Deposits--You Should Not Be Selling Guns On the Internet

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Offline larsonstdoc

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http://www.ironicsurrealism.com/2013/01/04/outrage-bank-of-america-holds-licensed-american-gun-manufacturers-deposits-we-believe-you-should-not-be-selling-guns-on-the-internet/

OUTRAGE! BofA Freezes Licensed Gun Manufacturer’s Deposits “We Believe You Should Not Be Selling Guns On The Internet” Update: ASA’s Owner Confirms

** I have contacted American Spirit Arms requesting verification, as soon as I hear back from them I will update. **
Edit: I have received an email reply from ASA owner Joe Sirochman. See update below.

On December 29, the owner of American Spirit Arms; Joe Sirochman relayed this chilling news via Facebook:



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 “

…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

Offline Valerius

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"3 Years After Taxpayer Bailout, Bank of America Ships Jobs Overseas"

By Josh Harkinson
| Tue May. 29, 2012

(c) Mother Jones

http://www.motherjones.com/politics/2012/05/bank-of-america-outsourcing-call-center-philippines
"No man can put a chain about the ankle of his fellow man without at last finding the other end fastened about his own neck."  -Frederick Douglass

Offline Valerius

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Cashless society control grid activated...
"No man can put a chain about the ankle of his fellow man without at last finding the other end fastened about his own neck."  -Frederick Douglass

Offline jerryweaver

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Funny the Banks would pick on American Spirit Arms. I did a barter deal with these guys in the late nineties. I acquired 6 AR-15s at a discount in exchange for an electric gate and some guardrail. What the Bank/Gov cartel does not understand is " We don't need you" .  If you mess with the free market too much you will be replaced with barter or alternative currency!


For as long as but a hundred of us remain alive, never will we on any conditions be brought under English rule. It is not for glory, nor riches, nor honours that we are fighting, but for freedom — for that alone, which no honest man gives up but with life itself.
From The Declaration of Arbroath 132

Offline Kilika

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I don't think it's a coincidence that the gun company is in Arizona. The federal government has a major beef with Arizona, and it looks like they got banks now going after Arizona companies.

So true, jerryweaver, the public doesn't need banks. It's government's need for banks to manipulate the public that's the problem.
"For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows."
1 Timothy 6:10 (KJB)

Offline jerryweaver

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I don't think it's a coincidence that the gun company is in Arizona. The federal government has a major beef with Arizona, and it looks like they got banks now going after Arizona companies.

So true, jerryweaver, the public doesn't need banks. It's government's need for banks to manipulate the public that's the problem.


The U.S. Firearms Industry is something like 30 billion annual sales. Any for profit business like our banks would not make a asinine policy like this , unless, another agenda was more important than economics.

 I think some type of psyop is at work here.  

I wonder if B of A has an official opinion on the fast and furious scandal?   ???  

B of A is going to have some explaining to do as this story is getting reported around the net. There is going to be blow back . 

If U. S. businesses cannot use B of A and be assured of fair treatment they will leave and take the money elsewhere. 
For as long as but a hundred of us remain alive, never will we on any conditions be brought under English rule. It is not for glory, nor riches, nor honours that we are fighting, but for freedom — for that alone, which no honest man gives up but with life itself.
From The Declaration of Arbroath 132

Offline jerryweaver

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The unconscious big brother worshiping public will believe the anti constitutional blather and some  will  justify mistreating  2nd amendment folks. Some of these poor folks are just insane.

Useful Idiots for Obama

  We will be seeing more of this !!

For as long as but a hundred of us remain alive, never will we on any conditions be brought under English rule. It is not for glory, nor riches, nor honours that we are fighting, but for freedom — for that alone, which no honest man gives up but with life itself.
From The Declaration of Arbroath 132