Operation Choke Point
 

Looks like the DOJ is strong arming the banks in an effort to shut down certain businesses and porn is a target.

https://news.vice.com/articles/is-th...ource=vicefbus

It looks like Chase is closing the accounts of adult performers that they've been able to identify. More specifically, Chase has been closing the accounts of adult performers and producers who have openly shot girl/girl scenes, which leads me to believe that Chase has something against gays/lesbians. Maybe a boycott of Chase is in order for being against gay rights? ;)

Some merchant categories that have been associated with high-risk activity include, but are not limited to:


?Ammunition Sales
?Cable Box De-scramblers
?Coin Dealers
?Credit Card Schemes
?Credit Repair Services
?Dating Services
?Debt Consolidation Scams
?Drug Paraphernalia
?Escort Services
?Firearms Sales
?Fireworks Sales
?Get Rich Products
?Government Grants
?Home-Based Charities
?Life-Time Guarantees
?Life-Time Memberships
?Lottery Sales
?Mailing Lists/Personal Info
?Money Transfer Networks
?On-line Gambling
?PayDay Loans
?Pharmaceutical Sales
?Ponzi Schemes
?Pornography
?Pyramid-Type Sales
?Racist Materials
?Surveillance Equipment
?Telemarketing
?Tobacco Sales
?Travel Clubs

This was already discussed, am I wrong?

So the Department Of Justice is doing this under Pres. Obama's watch?

I thought this kind of shit was only supposed to happen under "conservative" President's and their DOJ's. :(

The actual closings, yes. But I don't recall anything being mentioned about the DOJ until seeing this on Vice.

One is diet coke the other is caffeine free coke.
Two brands, same owners.

Don't worry! Your "Operation Choke The Chicken" will be OK!

Yes, but its Bushs fault.

Of course it is!

It's in the other thread.

If u read the article it's maybe, could be, they are guessing and adding in bankers statements that have to do with the real reason of the operation to cut pay day lenders and fraud.which is pissing bankers off because payday loans are big money. Think about it if that was job one why only chase?

First Bengazi, now porn!

"Taking away your guns" - Lol!

It's not only Chase.

Well, now we lose.
The subject went from 2 banks to all they way up to the president who doesn't work at the bank.

The whole purpose of the thread is now lost.

Paypal did the same shit 10 years ago.
Visa slapped on $700 fees too.

This can't be right, I mean most in this industry support Obama and his administration, he would never do anything like close the bank accounts of porn people. Thus killing porn in the us.
Make it impossible to buy ammo, thus ending the right to have a gun.

This would kill off a lot of business and make a bunch more people be on minimum wages, great plan!

Totally different situation. Paypal, Visa, American Express all did things that have to do with MERCHANT ACCOUNTS & CREDIT CARD PROCESSING.
Adult is considered "high risk" for that because so many people do chargebacks.

Has NOTHING to do with a person or business regular bank account. :)

I was refused banking services because I am in the adult business like 10 years ago. Also, didn't Bank America do something similar to a bunch of people a while back?

This is nothing new. Is there any actual proof that this has anything to do with the government and not just some puritanical board member?

http://www.breitbart.com/Big-Governm...on-Choke-Point

http://dealbook.nytimes.com/2014/01/...ype=blogs&_r=0

http://www.americanbanker.com/bankth...1067013-1.html

http://reason.com/blog/2014/04/28/do...and-porn-stars

https://news.vice.com/articles/is-th...ge-in-the-news

All of those pretty much say the same thing. the DOJ put this thing into action to help curb shady payday loan places and the bank is taking it a little too far or maybe using it to get rid of customers they otherwise wouldn't be able to get rid of.

There doesn't seem to be any actual evidence that shows that the DOJ has told banks to close adult stars accounts. If they had, why is it that Chase is the only bank acting?

Maybe you will believe an industry news source?
http://www.xbiz.com/news/news_piece....l&q=Chase+bank


Says Chase told them to leave and BOA refused her

I never said Chase didn't do these things. I said it seems like Chase is the only one doing these things and there doesn't seem to be any actual evidence that shows that the DOJ told them to do so.

That they got declined by BOA is no shocker. As I posted above, it wasn't too long ago that BOA purged most of their adult companies.

Did the teller have a list to go by at BOA to deny an account? Because she would have used her real name

I have no idea. I wasn't there. What I know is that BOA closed adult accounts years ago.

I remember that, just wouldn't put it past the DOJ to have something to do with that from what I have been reading

we are assuming alot. You dont know if she bounced checks, did her credit score suck? You would get kicked out of one bank and turned away from another even if she was nun if that is the case.

Read the Xbiz article, it's happening to more than a couple people

Tony you might be in denial...Baby Jesus Obama is letting you down AGAIN! :1orglaugh:1orglaugh:1orglaugh

If he isn't busy sending drones to kill people, or having the IRS target his opponents, or having the NSA spy on people worldwide...he's having the DOJ come after marijuana dispensaries and now porn stars bank accounts.

The shine sure came off of him didn't it?

brother i didn't vote for him last time. I'm just practicing common sense.

and how do they know it was send to 100's of porn stars? First there aren't 100's of porn stars. And if you wanted to fuck with porn, fucking porn models does nothing.

Can't help it...your balls need busting. lol

And you know if this was Bush in office, you would be screaming! :1orglaugh

2257 yes, this i don't think so because I don't think they are targeting adult. You are extremely smart, so think about it. You want to get rid of porn you're going to fuck with porn models.

LOL, you should visit freeones, they have 32,000 listings

Porn.com has over 19,000 listings for porn stars

If you make it so a porn star can't have a bank account, take away the money and there will be very little left.

It's like guns, they are making it hard to buy bullets, thus getting rid of guns

Sneaky fucks

I love the reliances used as news sources

Like Xbiz?

Looks like Wells Fargo just joined the band wagon
http://www.xbiz.com/news/178426

If you have Netflix you should check out a show by Morgan Spurlock called "Inside Man." In each episode he looks into a hot button issue from many different angles. One of them is gun control. For part of it he went to work at a gun shop for a little while to meet the people who were buying guns. Two weeks after the Sandy Hook shooting when the government started talking about gun regulations he went back to see how it had affected their business. Half the store was empty. In a matter of a few days they had sold out of much of to stock and he said in some cases the gun manufacturers were telling them it could be 24 months until they could get more.

To me it looked like the perfect formula. You take a little fear, mix it with some misinformation and then restrict supply and you can drive the prices through the roof.

So Wells Fargo is now offering to help these pornstars and offering them banking services. But, wait, didn't the DOJ tell the banks to shut down pornstar accounts? How can this be then?

:winkwink:

Some people call it a False Flag, others a Marketing Plan:winkwink:

shhh :1orglaugh

They are putting them in a banking ghetto

Thank you, someone with common sense.

Except you are forgetting about all the ammo the government has been buying up

Maybe WF doesn't listen too well, any ways, glad to see someone is stepping up

I know for a fact that Wells Fargo is (or was 10 years ago, and to my knowledge hasn't changed) comparatively friendly towards "alternative lifestyles" for a major bank, so that does make sense.

Here's a new theory...

Chase is closing accts to get back at the Feds...

http://business.avn.com/articles/tec...ds-558444.html

Not very good conspiracy theory fodder.

Yeah, I think that's kind of a reach, one step too far.

To me the most logical explanation is that DOJ instructed banks to look at 3rd party processors and the risky transactions/clients they serve (there are *plenty* of non-porn entities that are very sketchy in that regard, some listed in that article). The banks - some of which do have a history of shutting down accounts via moralizing - are using that as carte blanche to get rid of undesirables don't fit in with their board's "moral guidelines". This isn't Ashcroft or Meese's DOJ, these guys don't give a shit about porn, this one's on the banks.

Sure, I never said they won't try to wring every possible fee out of their customers, that's business as usual. I just know from firsthand experience they are comparatively tolerant of 'alternative lifestyles' and socially liberal relative to the other giant American banks. I'd even guess from what I've seen, that there's some kind of internal directive to strive for that, tho that's only semi-informed speculation on my part. Still I'd recommend them for people in our industry on that standpoint.