JP Morgan Chase has reportedly ordered the closure of hundreds of bank accounts registered to the names of people who work in adult entertainment, sparking outrage and confusion across the industry. Chase bank, a subsidiary of U. The letter, which has been posted on social media by several of the industry names involved, says the shut down was a result of a 'review' and apologizes for any inconvenience, however gives no further explanation. Pornographic actress Teagan Presley, who has a masturbatory device modeled from her body, told adult industry blog XBiz News a Chase employee said the reason for the termination was because she was in the 'adult business'.
Porn star Layton Benton plans to sue Chase bank after she found out her account had been closed allegedly due to her career in adult entertainment. No explanation: Letters were reportedly sent out to people who work across the adult industry. However it does not given any real reason as to why their accounts were being closed. Porn star Teagan Presley, 28, said she has had the same Chase account since she was 18, that it remains in her legal name, Ashley Ann Erickson, and is only used for personal reasons.
No explanation: Chase bank, a subsidiary of U. Presley said Chase also intend to close her husband's account, and that they were told it would not be possible to open another with the bank. The letter reiterates that the terms and conditions of a Chase account state that 'either of us may close your account at any time, without notice and without a reason'. I was with Washington Mutual before you bought them out.
I only pay my house bills with it. That's why it's personal. There is speculation the Department of Justice triggered the clampdown as part of a targeted effort to shut down certain industries by preventing them access to banking services, which they have called Operation Choke Point. Among the others to be caught up in the snafu is up-and-coming porn star Dakota Skye, who Tweeted her frustration.
Should not get away with sβt like this,' she posted. Up-and-coming porn star Dakota Skye went on an expletive-riddled Twitter rant over the Chase situation. Discrimination: Porn veteran Veronica Avluv said her treatment by Chase was discriminatory because all the work she does is legal.
