CPS is registered in Nevada, based on the Nevada assistant of state.

Brown included CPS through an ongoing business called Silver Shield solutions, which claims on its web site to provide «protection from legal actions, federal federal government creditors and state fees through Nevada’s incorporation-friendly guidelines.»

Also registered through Silver Shield are: region 203, Credit Protection Depot, ACH Federal, Collateralized Investment Services Limited Partnership, 3806 Amnicola LLC, Terenine and Support Seven.

For $600, Silver Shield solutions sets up «everything which you have to illustrate that you are actually running into the state of Nevada,» in accordance with its site.

Previous prosecutor that is federal Humble stated that «there are unresolved concerns» about why an organization would feel the work to setup such a more elaborate number of international entities.

«If we had been doing the research, I’d wish to know why, what reasons that are legitimate here for performing those transactions international,» stated Humble, who had been perhaps perhaps maybe not talking particularly about Brown’s organizations.

However, stashing a router for an area does not get around U.S. necessarily rules, in accordance with Uriah King, vice president of state policy for the Center for Responsible Lending, a customer advocacy team.

«Many loan providers argue that as it’s on the internet, what the law states does not use, nevertheless the online does not bequeath magical status in the loan,» King stated.

Ira Rheingold, executive manager for the nationwide Association of Consumer Advocates, stated most Bermuda Internet companies are put up to dodge fees or U.S. legislation.

«It really is all about avoiding obligation and U.S. that is avoiding law state legislation, whilst the situation may be,» Rheingold said.

And Brown is «very great at finding income tax holes,» Shelley stated.


The Federal Trade Commission in 2010 initiated a study into Brown’s organizations «to ascertain whether particular creditors that are unnamed be involved with breach regarding the Truth in Lending Act . and whether or not they can be involved with unfair or acts that are deceptive techniques.»

But an FTC spokesman stated no general public fees have actually been filed against Brown or any one of their businesses, and regulators would not discuss the status of every research.

Hawaii of Tennessee will not state if it is investigating Brown.

«as of this time, we are able to state that people are investigating some feasible activity that is unlicensed this state,» said Neil MacDonald, spokesman when it comes to Tennessee Department of banking institutions.

That division regulates 10,262 entities that are financial. Just in might had been the agency handed the obligation of regulating and licensing Internet payday lenders, MacDonald stated.

«after that, we’ve started a procedure of determining just just exactly what entities could be participating in Web payday lending without being certified,» he said. «we can not touch upon certain investigations.»


Brown isn’t any complete complete stranger to investigations.

Their go on to portray their company as an interest that is overseas itself an answer to a continuing class-action lawsuit against five advance loan shops which he owned in 2001, he stated within the deposition.

«we have a suit that is class-action against my brick-and-mortar shops,» Brown stated at that time. «It had been only a matter of the time before they come following the online business, too.»

Former workers describe Brown, whom shuns promotion, being a kindhearted and man that is generous who had been a prominent resident in Rossville.

There he ran Happy Motors, a buy-here, pay-here dealership well-known for a 15-foot-high, bright yellowish chicken which he then called «the next most well-known chicken in Georgia» following the Big Chicken in Marietta, Ga.

As an indication of their status in the community, he had been chosen for the development research in 2005 to revitalize the downtown area, like the Peerless Woolen that is old Mill.

Brown’s chicken ended up being utilized for instructions to have people around Rossville, he stated, » and it also took 20 individuals to obtain it together with the building and obtain it in position.»

Though that has been years back, their employees nevertheless call their payday business «the chicken» in honor of this mascot that is long-gone Shelley stated, only if simply because they have no idea what else to call CPS.

Brown’s objective, but, is not earthly riches and glory.

«He’d walk far from the company the next day if he can find an easier way of saving souls,» Christiansen stated.

The difficulty of operating this type of complicated company and the cost of dodging regulators is really worth it if it supports Brown’s work building the kingdom, Christiansen stated.

» just what is a heart worth?» Christiansen asked. «Do the ends justify the means?»