Closure of accounts raises political concerns.
Chase Bank Accused of Political Bias in Terminating Accounts of Vaccine Critic
August 8, 2023 3:56 PM EDT
- The Gist
- Employees of Mercola Market have had their personal and company bank accounts terminated by JP Morgan Chase Bank without explanation.
- The closure of accounts has caused significant difficulties for the affected employees.
- Many believe the account shutdowns were politically motivated due to Mercola Market's controversial stance on COVID-19.
- Mercola Market, owned by Dr. Joseph Mercola, has been a vocal critic of COVID-19 vaccines and the FDA.
- Chase Bank denies closing the accounts based on political affiliations.
- The incident raises concerns about political bias and freedom of speech in financial institutions.
Employees of a Florida-based retail health company, Mercola Market, have had their personal and company bank accounts terminated by JP Morgan Chase Bank without any explanation. This sudden closure of accounts has caused significant difficulties for the affected employees, including one who needs to send money to her husband in the Philippines. Many believe that these account shutdowns were politically motivated due to their employer's controversial stance on COVID-19.
Mercola Market, owned by Dr. Joseph Mercola, has been a vocal critic of COVID-19 vaccines and the FDA. Dr. Mercola has raised concerns about the safety and efficacy of these vaccines, as well as the FDA's handling of the pandemic. In fact, the FDA even sent a letter to Dr. Mercola regarding violations in his claims about supplement products. Furthermore, his views on vaccines have led to his censorship on Twitter for spreading vaccine misinformation.
On July 13, the CEO, CFO, and their family members received letters from Chase Bank stating that their accounts would be closed. Shockingly, these closure letters did not provide any reason for such drastic actions. The lack of transparency has left the affected employees in a state of confusion and distress. One employee, who needs to send money to her husband in the Philippines, now faces immense difficulties due to the sudden closure of her account.
The CEO strongly believes that the accounts were closed solely due to Dr. Mercola's opinions on COVID-19. This allegation gains further significance in light of Governor Ron DeSantis signing legislation to prohibit financial institutions from denying services based on political or religious beliefs. It is worth noting that Chase Bank canceled not only Dr. Mercola's business account but also the personal accounts of the company's CEO and CFO, raising questions about the bank's actions and potential political bias.
Chase Bank, however, denies closing the accounts based on political affiliations. A representative from the bank urged the CEO to submit paperwork to reconsider the account closures. While Chase Bank claims legal reasons for not disclosing the reason for closing the accounts, many remain skeptical about their justifications.
The situation has garnered attention beyond the affected employees and Dr. Mercola. David Bahnsen has proposed a shareholder resolution urging a review of Chase's discrimination policies. This resolution highlights the closure of accounts for businesses owned by Dr. Mercola by Chase Bank, further adding to the allegations of political bias.
As the deadline for transferring money to another organization approaches, account holders are left in the dark about the reasons behind the closures. Chase Bank has failed to provide a justification for debanking Dr. Mercola, leaving many to question the bank's actions and the potential infringement on freedom of speech.
This incident raises serious concerns about political bias and freedom of speech in financial institutions. The closure of accounts without explanation, the difficulties faced by employees, and the lack of transparency from Chase Bank all contribute to the growing skepticism surrounding the actions of the bank. As the affected employees and Dr. Mercola continue to fight for answers, it is clear that this incident has far-reaching implications for the future of free expression and fair treatment in the financial sector.
Chase bank has shut down our business bank accounts along with the accounts of my CEO and CFO, as well as their family members (including spouse and child). They've refused to provide any reason for doing so, the oldest account has been active for 18 years.…
— Dr. Joseph Mercola (@mercola) July 25, 2023
On July 13, the CEO, CFO, and their family members received letters from Chase Bank stating that their accounts would be closed. Shockingly, these closure letters did not provide any reason for such drastic actions. The lack of transparency has left the affected employees in a state of confusion and distress. One employee, who needs to send money to her husband in the Philippines, now faces immense difficulties due to the sudden closure of her account.
The CEO strongly believes that the accounts were closed solely due to Dr. Mercola's opinions on COVID-19. This allegation gains further significance in light of Governor Ron DeSantis signing legislation to prohibit financial institutions from denying services based on political or religious beliefs. It is worth noting that Chase Bank canceled not only Dr. Mercola's business account but also the personal accounts of the company's CEO and CFO, raising questions about the bank's actions and potential political bias.
Chase Bank, however, denies closing the accounts based on political affiliations. A representative from the bank urged the CEO to submit paperwork to reconsider the account closures. While Chase Bank claims legal reasons for not disclosing the reason for closing the accounts, many remain skeptical about their justifications.
The situation has garnered attention beyond the affected employees and Dr. Mercola. David Bahnsen has proposed a shareholder resolution urging a review of Chase's discrimination policies. This resolution highlights the closure of accounts for businesses owned by Dr. Mercola by Chase Bank, further adding to the allegations of political bias.
As the deadline for transferring money to another organization approaches, account holders are left in the dark about the reasons behind the closures. Chase Bank has failed to provide a justification for debanking Dr. Mercola, leaving many to question the bank's actions and the potential infringement on freedom of speech.
This incident raises serious concerns about political bias and freedom of speech in financial institutions. The closure of accounts without explanation, the difficulties faced by employees, and the lack of transparency from Chase Bank all contribute to the growing skepticism surrounding the actions of the bank. As the affected employees and Dr. Mercola continue to fight for answers, it is clear that this incident has far-reaching implications for the future of free expression and fair treatment in the financial sector.
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