from Hacker News

Bank of America Closes Roelof Botha’s Bank Account

by undefined3840 on 11/18/19, 3:40 AM with 12 comments

  • by semiotagonal on 11/18/19, 4:31 AM

    > And this is exactly what your company @PayPal did to me after ~10 years. With absolutely no explanation... #Bitcoin

    > Paypal closed my business account, and kept $5000 for 6 months. No explanation, no one to discuss with.

    Some of the Twitter responses make this sound like poetic justice.

  • by danShumway on 11/18/19, 6:09 AM

    I realize he's no longer in charge of Paypal, but less than a week ago: https://www.vice.com/en_us/article/d3abgv/paypal-pulls-out-o...

    I have very little sympathy for anyone behind Paypal, even past founders, having their accounts frozen now. I should be better, but I just don't have that kind of charity in me at the moment.

    May you reap what you sow.

  • by Mathnerd314 on 11/18/19, 5:11 AM

    https://www.americanbanker.com/news/2018-bank-reputation-sur...

    Lowest ranked banks: Wells Fargo, Bank of America, HSBC, First National, Citibank, Chase

    It's not really surprising for the second lowest ranked bank to close accounts without warning.

  • by tluyben2 on 11/18/19, 5:41 AM

    Not sure how he can expect sympathy... And yet he gets it; must be the short memory of the internet. Paypal made many people miserable with their ‘fraud protection’ so I guess he should totally understand this course of action.

  • by ianhawes on 11/18/19, 4:15 AM

    I’ve had the same thing happen with Citi. No warning, just woke up and found mine and my wife’s accounts frozen pending closure. I’m sure heads will roll when they realize who they’ve upset, but as for me I never found out.

  • by dangus on 11/18/19, 5:30 AM

    .