JP Morgan Chase Has Started Closing Down Porn Stars’ Bank Accounts

Hundreds of adult performers are believed to have been affected.

1. JP Morgan Chase has reportedly started closing down bank accounts belonging to hundreds of porn stars.

Spencer Platt / Getty

2. Chase, a subsidiary of JP Morgan Chase, sent out letters to the actors informing them their accounts were in the process of being shut down.

3. The letters don’t appear to give any formal reason for the action, but performer Teagan Presley said Chase told her the decision had been made as she was an infamous figure in the adult business.

4. She provided details on Twitter last week:

6. She also told adult industry news website XBIZ:


I can understand if I had some checks that bounced or if I wrote checks that bounced, or anything like that, or I was charging stuff to a lot of adult companies, but I just don’t have anything like that on my account.

7. Fellow porn star Layton Benton also told TMZ she only learnt her bank account had been closed when she tried to take money out of an ATM and was declined.

@imDakotaSkye @DirectorJoshua @PerezHilton @Chase they closed my account too.

— laytonbentonxxx (@Layton Benton)

8. She said the bank had told her it was closing her account because “it’s a risk,” but did not provide any further information.


Vice News has reported there is now some suggestion the clampdown may be part of the Department of Justice’s “Operation Choke Point”, aimed at cutting off fraudsters and scammers’ access to banks.

9. Writing in the Wall Street Journal, American Banking Association CEO Frank Keating said the DOJ was “asking banks to identify customers who may be breaking the law or simply doing something government officials don’t like”.

Justin Sullivan / Getty

“Banks must then ‘choke off’ those customers’ access to financial services, shutting down their accounts.”

10. Chase has so far not commented on the allegations.

Check out more articles on BuzzFeed.com!

          
    Now Buzzing