CPS is registered in Nevada, in accordance with the Nevada assistant of state.

Brown included CPS through business called Silver Shield solutions, which claims on its website to provide “protection from legal actions, federal government creditors and state fees through Nevada’s incorporation-friendly rules.”

Also registered through Silver Shield are: Area 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 want to illustrate that you are actually running into the state of Nevada,” in accordance with its web site.

Previous federal prosecutor Gary Humble stated that “there are unresolved concerns” about why an organization would feel the work to setup such a more elaborate a number of worldwide entities.

“If we were doing the research, we’d wish to know why, just just just what genuine reasons are there for performing those transactions international,” stated Humble, who had been maybe maybe not talking particularly about Brown’s businesses.

Nevertheless, stashing a router for an area does not get around U.S. necessarily laws and regulations, relating to Uriah King, vice president of state policy when it comes to Center for Responsible Lending, a customer advocacy team.

“Many loan providers argue that since it’s on the internet, what the law states does his response not use, however the online does not bequeath magical status regarding 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 is all about avoiding obligation and U.S. that is avoiding law state legislation, whilst the instance might be,” Rheingold said.

And Brown is “very great at finding income tax holes,” Shelley stated.


The Federal Trade Commission this current year initiated a study into Brown’s businesses “to ascertain whether particular creditors that are unnamed be involved in breach of this Truth in Lending Act . and if they might be involved with unjust or misleading functions and techniques.”

But an FTC spokesman stated no charges that are public been filed against Brown or some of their organizations, and regulators would not touch upon the status of every research.

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

“as of this time, we are able to state that individuals are investigating some possible unlicensed task in this state,” stated Neil MacDonald, spokesman when it comes to Tennessee Department of banking institutions.

That division regulates 10,262 entities that are financial. Just in might ended up being the agency handed the responsibility of regulating and licensing Internet payday lenders, MacDonald stated.

“after that, we now have started an activity of determining exactly what entities may be participating in online payday lending without being certified,” he stated. “we can’t touch upon particular investigations.”


Brown is not any complete complete stranger to investigations.

Their proceed to portray their company as a international interest ended up being itself a reply to an ongoing class-action lawsuit against five cash loan shops which he owned in 2001, he stated within the deposition.

“we currently have a suit that is class-action against my brick-and-mortar shops,” Brown stated at that time. “It had been merely a matter of the time before they arrive following the online business, too.”

Previous workers describe Brown, whom shuns promotion, as 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 he then called “the next most well-known chicken in Georgia” following the Big Chicken in Marietta, Ga.

As an indication of his status in the neighborhood, he was chosen for the development research in 2005 to revitalize the downtown area, such as the old Peerless Woolen Mill.

Brown’s chicken had been employed for guidelines to get individuals around Rossville, he stated, ” and it took 20 visitors to obtain it together with the building and acquire 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, if perhaps simply because they do not know what else to call CPS.

Brown’s objective, however, isn’t earthly riches and glory.

“He’d walk far from the business if he could find a better way of saving souls,” Christiansen said tomorrow.

The difficulty of operating this kind of complicated company and the trouble of dodging regulators will probably be worth it if it supports Brown’s work building the kingdom, Christiansen stated.

” what is a heart worth?” Christiansen asked. “Do the ends justify the means?”