Bitcoin related chase accounts closing?
My Name is Todd Bethell aka Bitcoin ATM.
3 Nov. 2011 a letter was generated by Chase stating that the business account of Fast Bitcoins will be closed.
See the letter:
https://docs.google.com/open?id=0B0tOdBpZt1ifMzRhMTMzZmItYWNlYS00YmUyLThjNWYtMDg0MGFlNjE0YTljThis DBA and account were opened in April 2011 for the sole purpose of bitcoin purchases with MtGox. There was no explanation and no other notification, no phone calls, email notifications or messages in on-line banking. A bitcoin friendly branch manager made some phone calls for me and couldn't tell me much except that the department involved is internal to 'Chase Operating Loss Prevention' and looks to him like it was flagged for money laundering, international sanctions and such. My funds were not frozen though and I was even given to the end of the year to tidy things up. So it seems they were not given a 'hard stop' order from outside the bank.
Also:Oct 16th 2011, ExchB closed with a less than satisfying explanation and now quite suspicious.
https://www.exchangebitcoins.com/6 Dec. 2011, MtGox announced the suspension of chase transfers without explanation.
https://www.exchangebitcoins.com/ http://bitcoin.stackexchange.com/questions/1949/why-so-many-bitcoin-exchanges-have-their-bank-accounts-closed-and-have-problemshttps://bitcointalk.org/index.php?topic=48663.0https://bitcointalk.org/index.php?topic=50275.0https://bitcointalk.org/index.php?topic=4984.msg597803#msg597803There seems to be a systemic issue here.
Respectfully,
Todd D Bethell, CFM, MBA
1-949-394-5932
Skype: toddbethell
toddbethell@FASTscaning.com, @bitcoinfever.com, @bitcoinATM.com