BofA Freezes Funds to AZ Gun Dealer

A Scottsdale gun manufacturer had a run-in with Bank of America. Joe Sirochman, is owner American Spirit Arms, which manufactures and sells rifles. Like other gun makers Sirochman saw a huge increase in sales last month.

KFYI: Due to the sudden increase in revenue, Sirochman tells KFYI News that Bank of America began putting his deposits on hold out of concern that they might be fraudulent. The bank told him that the deposits would be released after 48 hours.

But according to Sirochman, “48 hours turned into another 48 hours, which turned into a week, then two weeks.” He says his company was in a pinch because it needed that revenue to operate and to pay its own bills.

Sirochman called Bank of America again to complain, and ended up talking to a manager who told him the bank had concerns about his company’s product. “It’s because we sell guns and parts on the internet, and they believe we shouldn’t be selling guns and parts on the internet,” he said.

Sirochman is now in the process of moving his business to a locally owned bank.

 

CBS 5 – KPHO

Teresa Wendt

A stay at home mom who runs a household, manages the finances, cares for a young adult autistic son, and cooks from scratch. Traveling from Arizona to Alaska summer of 2013. Visit my blog at https://ramblinroseaz.wordpress.com/ and follow along.

Share
Published by
Teresa Wendt

Recent Posts

Can The Democrats Be This Ignorant On ICE Safety

The Democrats have been floundering since last year when the Biden/Harris election fiasco sent them…

5 hours ago

Burning Bridges?

Elon has been on an all-out assault against Trump. Like a petulant child, he’s reacting…

5 hours ago

Trump Lifts Regs On Drones, Supersonic Flight, Opens Door For Flying Cars

President Donald Trump signed several executive orders on Friday, lifting regulations on aviation technology and…

5 hours ago

Stacey Abrams’ Nonprofit Shelled Out $20 Million To Close Friend’s Law Firm: Docs

Former Democratic gubernatorial candidate Stacey Abrams’ nonprofit paid more than $20 million to her close…

6 hours ago

Kash Patel Says FBI Has Recovered Anthony Fauci’s COVID-Era Communications

Federal Bureau of Investigation (FBI) Director Kash Patel said on “The Joe Rogan Experience” Friday…

6 hours ago

California Democrats Take Another Shot At Subverting Trump’s Immigration Agenda

California Democrats are pushing through legislation that would make it incredibly more difficult for federal…

6 hours ago