JP Morgan Chase has reportedly started closing down bank accounts belonging to hundreds of porn stars.
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.
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.
She provided details on Twitter last week:
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.
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.
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.