CPS is registered in Nevada, in accordance with 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 government creditors and state fees through Nevada’s incorporation-friendly legislation. »

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 need certainly to demonstrate that you have been operating within the state of Nevada, » in accordance with its site.

Previous federal prosecutor Gary Humble stated that « there are unresolved concerns » about why a business would have the work to create such a more elaborate variety of worldwide entities.

« If we had been doing the investigation, I would wish to know why, just just just what reasons that are legitimate here for performing those transactions overseas, » stated Humble, who was simply perhaps maybe maybe not talking particularly about Brown’s companies.

Nevertheless, stashing a router on an area does not get around U.S. necessarily guidelines, in accordance with Uriah King, vice president of state policy when it comes to Center for Responsible Lending, a consumer advocacy team.

« Many loan providers argue that as it’s on the internet, what the law states does not apply, 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. rules.

« It is all about avoiding obligation and avoiding U.S. legislation or state legislation, because the instance might be, » Rheingold said.

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


The Federal Trade Commission this season initiated a study into Brown’s businesses « to ascertain whether specific unnamed creditors may be involved with violation associated with Truth in Lending Act . and whether or not they can be involved with unjust or deceptive acts and methods. »

But an FTC spokesman stated no general public costs have actually been filed against Brown or any one of his organizations, and regulators would not touch upon the status of every research.

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

« as of this time, we could state that people are investigating some feasible activity that is unlicensed this state, » stated Neil MacDonald, spokesman for the Tennessee Department of banking institutions.

That division regulates 10,262 monetary entities. Just in May ended up being the agency handed the obligation of licensing and regulating Internet payday lenders, MacDonald stated.

« Since that time, we now have started an activity of determining exactly exactly what entities may be participating in Web payday lending without being certified, » he stated. « we can’t touch upon certain investigations. »


Brown is not any complete complete complete stranger to investigations.

Their relocate to portray their business as a international interest ended up being it self an answer to a continuing class-action lawsuit against five cash loan stores which he owned in 2001, he stated within the deposition.

« we curently have a suit that is class-action against my brick-and-mortar shops, » Brown stated during the time. « It ended up being only a matter of the time before they come following the web business, too. »

Previous workers describe Brown, whom shuns promotion, as a kindhearted and substantial guy, who had been a number one resident in Rossville.

There he ran Happy Motors, a buy-here, pay-here dealership fabled 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 neighborhood, he had been chosen for a development research in 2005 to revitalize the downtown area, such as the Peerless Woolen that is old Mill.

Brown’s chicken ended up being employed for guidelines to have individuals around Rossville, he stated,  » and it took 20 visitors to have it together with the building to get it set up. »

Though that has been years back, their employees nevertheless call their payday business « the chicken » in honor regarding the long-gone mascot, Shelley stated, only if since they do not know what else to call CPS.

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

« He’d walk far online payday loans North Carolina from the company tomorrow if he may find an easier way of saving souls, » Christiansen stated.

The difficulty of operating this kind of business that is complicated the cost of dodging regulators may be worth it if it supports Brown’s work building the kingdom, Christiansen said.

 » What’s a soul worth? » Christiansen asked. « Do the ends justify the means? »

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