The DoJ is why financial institutions are refusing services to companies as diverse as gun shops, bitcoin businesses, marijuana dispensaries and even the porn industry.
Just last week a gun shop in Florida had an old bank account closed after their local bank was bought out by Wall Street interests.
The Miami News Times writes,
The Libertis’ battle with BankUnited began last month. For seven years, they say, they had no problem with the Miami Lakes-based bank. T.R. had run a gun store in the Garden State, and when he opened Top-Gun Firearms on Calle Ocho, BankUnited operated the account.Read the entire article
But when T.R. decided to retire and let Elizabeth take the store online — under the new name Discount Ammo-N-Guns — the Libertis found themselves suddenly under fire.
A March 12 letter mysteriously informed them that BankUnited was closing their checking account “pursuant to the terms and conditions listed in our Depositor’s Agreement.” It gave the Libertis three days to transfer their cash elsewhere. When the Libertis called BankUnited for an explanation, they were politely informed that none would be forthcoming.
“I was very angry,” Elizabeth says. “They were very inconsiderate. We had all our credit cards going through that bank. All of a sudden, we had to run and find another bank to keep our business going. We shut down for two weeks, and they wouldn’t even tell us why.”
