CHASE BANK HAS PORN STARS FURIOUS OVER CLOSING THEIR ACCOUNTS HYPOCRITICALLY DUE TO 'MORAL REASONS'

A bank has got hundreds of porn stars hot and fired up after writing to them to tell them their bank accounts would be closed, News.com.au reports. 

The move has sparked fury throughout the adult entertainment industry with workers saying they had no idea why they were being targeted.

Chase bank sent letters to industry workers revealing the accounts would be closed next month.

In the letters sent out by the bank, which is a subsidiary of JP Morgan Chase, no reason is given for the closure but an apology is given for the inconvenience.

“We recently reviewed your account and determined that we will be closing it on May 11, 2014,” it reads.

“You may close your account before the date we’ve provided. Your account agreement says that either of us may close your account at any time, without notice and without a reason,” the letter states.

Porn star Teagan Presley said her account was closed and she was turned down when she tried to open another one.

TEAGAN PRESLEY

“I called them and they told me that because I am, I guess, public and am recognizable in the adult business, they’re closing my account,” she told adult industry site XBiz News.

It was unknown exactly how many workers have been affected, however adult industry lawyer Michael Fattoros said banks had closed accounts belonging to industry workers in the past, though “not on this scale”.

The letter was originally published by celebrity blogger Perez Hilton who also noted a lawsuit was filed against JP Morgan Chase last year.

The lawsuit filed by porn studio MRG Entertainment claimed the bank violated fair lending laws and its own policy for “refusing to underwrite a loan for ‘moral reasons’.”

This coming from a bank of very little morals towards employees and customers.  Meanwhile, JPM is also among big banks on the hook for billions in the Libor rigging scandal.

JPM is among a dozen big banks being sued by Freddie Mac over losses tied to Libor manipulation. Freddie Mac  and Fannie Mae have lost some $3 billion amid the alleged rigging, according to an internal report by a federal watchdog.

Federal authorities opened a bribery investigation into JPMorgan Chase's hiring of the children of powerful Chinese officials to help the bank win lucrative business in the booming nation, according to a confidential United States government document.

JPMorgan Chase, also the US bank used by Bernard Madoff who masterminded the biggest fraud on record, paid about $2.0 billion to US authorities to avoid litigation.

Can you say pot calling the kettle black........