According to Battaglia, Axos claimed it had contacted Free Speech Systems in July about a transaction and the company did not respond, which Battaglia disputed. The bank also indicated there were unauthorized transactions, but didn't go into detail, he said. He said the bank informed Jones' company that it would be sending a cashier’s check for the total balance.
Battaglia said the media company will have to seek another bank or take Axos to court “because we just don’t know who will bank us.” At the request of Jones’ lawyers, Axos did agree to reopen the company’s accounts for 30 days but it appears it will not extend the relationship beyond that, he said. Jones and Free Speech Systems make the bulk of their money from selling nutritional supplements, survival gear, books, clothing and other merchandise, which Jones hawks on his daily web and radio show.
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