Think Your $$$ Is Safe in Big Banks? Think Again

Retail health company has Chase accounts suddenly terminated, owner critical of COVID vaccines, FDA

Published Jul. 25, 2023, 4:55 p.m. ET | Updated Jul. 26, 2023

Chase bank cancellation letter to Natural Health Partners.
Chase bank cancellation letter to Natural Health Partners.

Editor’s note: This story was updated to include a response from Chase.

Lydia Nusbaum co-authored this report.

CAPE CORAL, Fla. (FLV) – Employees of a Florida-based retail health company said JP Morgan Chase Bank suddenly terminated their personal and company bank accounts without an explanation.

One of the employees believes the account shutdowns were politically motivated and due to their employer’s controversial stance on COVID-19.

Another Mercola Market employee said the sudden decision to close her account is creating additional hurdles to help send money to her husband who is bedridden with dementia in the Philippines.

The owner of Mercola Market, Dr. Joseph Mercola, has criticized of COVID-19 vaccines and the U.S. Food and Drug Administration.

Responding to the report, Chase told Florida’s Voice Wednesday that the accounts weren’t closed for political “affiliations.”

“For privacy reasons, we can’t discuss customer relationships, but we don’t close accounts because of political affiliations, and we didn’t do so in this case,” they said.

Mercola Market sells specialty beverages, food, supplements and other health items. A store is located in Cape Coral.

On July 13, Mercola Market, along with the CEO, CFO and some of their family members, all received similar letters from Chase Bank saying “[they] have decided to close” their individual personal and business accounts.

The letters obtained by Florida’s Voice did not provide a reason why the accounts were suddenly closed. Florida’s Voice reached out to Chase Bank for a response.

A voicemail from a Chase representative to CEO Steven Rye said the reason for closing his personal and wife’s accounts can’t be disclosed “for legal reasons.”

However, Rye believes his the accounts were suddenly shut down because of Dr. Joseph Mercola’s opinions on COVID-19.

“I believe they cancelled all of the accounts because of Dr. Mercola’s (our employer) opinions,” Rye told Florida’s Voice. “He has carried a contradictory view throughout the COVID narrative and co-authored the best selling book The Truth About COVID-19 which exposed the likelihood that this virus was engineered in a laboratory funded by the NIH.”

Rye said he was told his children would not be able to carry accounts with Chase Bank in the future.

“It’s just hard to believe that your family, your wife, your kids can’t have a bank account because of the opinions of your employer and they’ve never done anything wrong,” Rye said. “We all have completely clear records.”

A voicemail from a Chase Bank representative urged Rye to submit paperwork for their accounts to be reconsidered.

“We are going to try because you’re a good client of our institution,” the Chase representative said in a voicemail.

In an email from Chase to Rye Monday, a representative said he is “still trying to figure out what is going on.”

Amalia Legaspi, the CFO of Mercola Market, said both her personal and her son’s personal accounts were canceled. Her son is using the accounts to pay for college expenses.

“I received the letter during weekend and I was surprised that we received the same letters for business accounts with exact wordings,” Legaspi said.

Legaspi’s joint checking account with her husband, who has dementia and is bedridden in the Philippines, was also closed. She uses the account to send money for his medical needs and said she is not allowed to open another bank account in his name.

“I have to provide all the legal documentations including notarized physicians affidavit from the Philippines to prove that my husband is incapable of handling his finances and request the Federal to directly deposit the pension to my own personal account,” Legaspi said.

With regards to the company’s accounts, she said Chase will not give them a reason for the closure to protect the privacy of their clients.

Dr. Mercola said he published articles about the benefits of vitamin D, zinc and quercetin to boost the immune system. He also published testimony from a nurse who claimed patients were being “intentionally killed on ventilators.”

The FDA also sent a letter to Dr. Mercola telling him to take “immediate action” to address “violations” in the letter regarding supplement products the doctor said would aid in COVID-19, calling them “unapproved new drugs” that are “misbranded.”

Gov. Ron DeSantis signed legislation in May to prohibit financial institutions from denying or canceling services based on political or religious beliefs.

from:    https://flvoicenews.com/retail-health-company-has-chase-accounts-suddenly-terminated-owner-critical-of-covid-vaccines-fda/

Sometimes You Just Want To Live in Canada

Chase Bank Forgives “All Outstanding Credit Card Debt” for Canadian Customers

(ZH) — In a shocking move, Chase Bank announced on Thursday that it was going to be forgiving all outstanding credit card debt from its Canadian customers, according to Yahoo Finance. The bank closed all of its credit card accounts in Canada back in March of 2018.

When the accounts were initially closed, customers were told to continue paying down their debt. Now, they’re being told by the company that their debt is cancelled. CBC talked to some customers who got letters from the bank this week.

Douglas Turner of Coe Hill, Ontario, who still owed about $4,500, said:

“I was sort of over the moon all last night, with a smile on my face. I couldn’t believe it. It’s crazy. This stuff doesn’t happen with credit cards. Credit cards are horror stories.”

Turner also said his last payment to the account was also going to be reimbursed.

Paul Adamson of Dundalk, Ontario said he called his bank after seeing his account was closed because he was concerned about missing a payment. Adamson said:

 “I’m honestly still so … flabbergasted about it. It’s surprise fees, extra complications – things like that, definitely, but not loan forgiveness.”

The bank had previously offered rewards cards for both Amazon and Marriott in Canada. Maria Martinez, vice-president of communications for Chase Card Services, said that the bank could have sold the debt, but that forgiving it “was a better decision for all parties, including and most importantly our customers.”

It’ll be interesting to see if the news is as well received by diligent Chase customers in Canada who paid off their cards, as well as American customers who have undoubtedly racked up massive sums of debt with the bank.

A 24 year old university student, Christine Langlois of Montreal, said she hadn’t paid the card in 5 years. 

“It’s kind of like I’m being rewarded for my irresponsibility,” she said. 


By Tyler Durden | ZeroHedge.com

The views in this article may not reflect editorial policy of The Mind Unleashed.

from:   https://themindunleashed.com/2019/08/chase-bank-forgives-credit-card-debt-canadian-customers.html