JP Morgan Chase, Recipient Of A 2008 Bailout From US Government, Cancels Accounts Of Government Critics

The financial behemoth shuts down accounts of vaccine and FDA critic Mercola Market, a retail health company, without explanation.

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Mercola Market, a Florida-based specialty health company that offers specialty food, drinks, supplements, pet products, and other items, received a letter from Chase Bank on July 13 notifying the company, as well as several family members, that their accounts were being closed with no reason given. 

Mercola Market is owned by Dr. Joseph Mercola, who has been a vocal critic of the COVID-19 vaccines and the government agency that approved them, the U.S. Food and Drug Administration (FDA). 

The letter advised that the accounts were being closed “because of unexpected activity on this or another Chase account.” The letter further explained, “Financial institutions have an obligation to know our customers and monitor transactions that flow through our customer accounts,” noting they gave the matter “careful consideration” before closing the accounts. 

Aside from the company and family members, the CEO and CFO also saw their accounts closed. Dr. Mercola is blaming politics for Chase’s decision. 

Mercola CEO Steven Rye was told the reason for closing his personal account and his wife’s was being withheld “for legal reasons.” Rye is not buying that excuse. 

Rye told the Florida Voice, “I believe they canceled all of the accounts because of Dr. Mercola’s (our employer) opinions. 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.” (National Institute of Health)

Chase also told Rye that his children would be blocked from opening accounts with Chase Bank in the future. 

Aside from Rye, Mercola’s CFO, Amalia Legaspi, also had her personal account, as well as that of her son, used for college expenses, canceled. Worse yet, her joint checking account held with her husband, bedridden in the Philippines, was also closed, hurting her ability to provide for his medical care. 

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

She said she would obtain legal documentation to prove her husband’s inability to handle his finances and ask “the Federal to directly deposit the pension to my own personal account.” 

Chase Bank is excusing its decision while refusing to divulge the reason, saying it is “to protect the privacy of their clients.” 

Mercola said all his family’s accounts had been shut down, while Chase Bank refuses to give a reason while noting that at least one account has been active for 18 years. 

Mercola claims he has been subject to censorship and violations of his first amendment rights, which started following the 2020 outbreak of COVID-19. 

The doctor said the Center for Science in the Public Interest (CSPI) asked the FDA and the Federal Trade Commission (FTC) to sanction him for recommending Vitamin D as a COVID-19 therapeutic. 

In 2020, Mercola was subject to a cease and desist notice from New York Attorney General Letitia James, whereby she demanded he stop sharing information about nutritional supplements' benefits in lowering the risk of catching the virus. The FDA jumped on the bandwagon, issuing a similar warning to the doctor. 

There are a number of local community banks and credit unions that may be deserving of your business. They are less likely to be beholden to political interests or woke ideology. 

Are you tired of having a good dose of woke mixed in with your news, information, shopping, and sports? Use Align Us and get behind companies whose political philosophy aligns with yours. Our app is available for all mobile devices to help you decide what businesses to support with your hard-earned dollars. 

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