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Gun Maker Says Bank Froze Account

Tools

By Paul Johnson

Scottsdale, Arizona (CNN) - An Arizona gun manufacturer says Bank of America withheld nearly 100-thousand dollars worth of deposits because of what he is selling.
Joseph Sirochman's company manufactures high-end rifles like the A-R15, and M-16 Rifle.
He says sales spiked last month, following the Connecticut school massacre and talks of a possible assult rifle ban.
That's when he noticed deposits were not showing up in company accounts.
He claims Bank of America told him the deposits were under review.
Sirochman says the hold-up messed up his cash flow.
You're talking about payroll. You're talking about paying our vendors. You're talking about keeping the lights on type of thing.
"We believe that your shouldn't be selling guns and parts on the internet."
Reporter: ("Her exact words?")
"Mm hmm. "
Reporter: ("Your response?")
"I said this is ridiculou. I'm appalled. "
Sirochman vented about the ordeal on his company's Facebook page.
After it went viral, Sirochman said Bank of America released the funds.
He has now moved his business to a local bank.
Affiliate K-P-H-O reached out to Bank of America multiple times for comment, but did not get a response.


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