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Kanye Accuses Adidas of Freezing His Bank Accounts, Says He Couldn’t Access $75M or Use Apple Pay

Kanye West back in the news again. And again complaining about Adidas. Adidas ended its lucrative partnership with the hip-hop artist last month over his posting of anti-Semitic remarks on social media. West, who dropped out of billionaire status when the deal was killed, is now accusing Adidas of getting bank accounts frozen.

Kanye West is seen on October 21, 2022 in Los Angeles, California. (Photo by Rachpoot/Bauer-Griffin/GC Images)

West recently invited cameras into his design studio in Crenshaw, California, to discuss two major revelations after his anti-semitic rant, Radar reported. 

Show Kanye the Money

West announced he is running again for president in the upcoming 2024 election–and has asked Donald Trump to be his running mate. And he claiming Adidas is freezing his JP Morgan Chase bank accounts or others as well.

According to the report, West said he does not have access to the $75 million through his four bank accounts, including the use of his Apple Pay account.

He tied it all into his run for president.

“Father, thank you for bringing us together this morning. Thank you for starting this week off … thank you for the oxygen, thank you for the food. Thank you for sending your son to die for us,” West, now estimated to having a net worth of $400 million, said.

“The reason why I’m announcing that I’m running for president is I want the FCC to look at my money,” West said. “If they actually see, I was looking at my money, and there might have been a possibility that Adidas wouldn’t have went into JP Morgan and froze my account and put a $75 million hold on four different accounts.”

Why the FCC?

The Federal Communication Commission’s responsibility is to regulate communication systems like TV broadcasting and radio, and it maintains jurisdiction over the use of broadband access, fair competition, radio frequency use, media responsibility, public safety, and homeland.

If Adidas is somehow interfering with West’s usage of Apple Pay, or his online banking, it could be an FCC violation, but the department only deals with complaints regarding private land radio use and amateur TV operations under its Enforcement Bureau’s Spectrum Enforcement Division.

Frozen Banks

Although it is not clear why West thinks the FCC could handle West’s frozen accounts, the four common reasons why bank accounts get frozen are: security breach, suspicious activity, inactivity, and unpaid debts.

The Story Behind West’s Chase Account

Back in October, Wall Street banking giant JPMorgan Chase reportedly stopped doing business with West. Reports emerged that JPMorgan has become Ye’s latest business partner to cut ties with him, and he reportedly was supposed to have opened another bank for his Yeezy, LLC enterprise by Nov. 21.

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