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PayPal's former finance chief says Bank of America closed his account with 'absolutely no explanation'


Added 11-19-19 08:14:02am EST - “Famed tech investor Roelof Botha's tweet sparked conspiracies that he may have been banned for trading bitcoin or other cryptocurrencies.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “PayPal's former finance chief says Bank of America closed his account with 'absolutely no explanation'”. Below is an excerpt from the article.

PayPal's former finance chief revealed Bank of America closed his account without explanation, sparking conspiracies that he may have been banned for trading bitcoin or other cryptocurrencies.

Roelof Botha, a partner at Sequoia Capital and one of Silicon Valley's most famous investors, shared the news in a tweet on Monday.

"After being a customer of @BankofAmerica for 20 years, I received this notice today that they decided to fire me as their customer! With absolutely no explanation...."

Botha — who sits on the boards of Square, Bird, Evernote, and other tech companies — attached the notice from Bank of America, which stated his account would be permanently closed in 30 days.

"After a careful review of your banking relationship, we've made the decision to close your account above," it reads. "This decision is final and won't be reconsidered." 

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