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

Brown included CPS through an ongoing business called Silver Shield solutions, which claims on its site to provide “protection from legal actions, federal federal government creditors and state taxes 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 More Info Support Seven.

For $600, Silver Shield solutions sets up “everything which you have to demonstrate that you have been running into the state of Nevada,” in accordance with its web site.

Previous prosecutor that is federal Humble stated that “there are unresolved concerns” about why a business would feel the work to setup such a more sophisticated variety of worldwide entities.

“If we had been doing the research, I would need to know why, just exactly exactly what reasons that are legitimate here for performing those transactions international,” stated Humble, who was simply perhaps perhaps not talking particularly about Brown’s organizations.

Nonetheless, stashing a router on a island does not fundamentally bypass U.S. laws and regulations, based on 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, regulations does not use, however the online does not bequeath magical status from the loan,” King stated.

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

“It is exactly about avoiding obligation and U.S. that is avoiding law state legislation, once the instance could be,” Rheingold said.

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


The Federal Trade Commission in 2010 initiated a study into Brown’s businesses “to determine whether certain unnamed creditors may be involved with breach for the Truth in Lending Act . and whether or not they can be involved in unjust or acts that are deceptive methods.”

But an FTC spokesman stated no general public costs have actually been filed against Brown or some of their businesses, and regulators would not touch upon the status of any investigation.

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

“as of this time, we are able to state that individuals are investigating some feasible activity that is unlicensed this state,” said Neil MacDonald, spokesman when it comes to Tennessee Department of finance institutions.

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

“after that, we’ve started an activity of determining exactly exactly what entities could be participating in Web lending that is payday being licensed,” he stated. “we can not touch upon particular investigations.”


Brown is not any complete complete stranger to investigations.

Their go on to portray their company being a overseas interest had been it self an answer to a continuing class-action lawsuit against five cash loan shops he owned in 2001, he stated into the deposition.

“I curently have a suit that is class-action against my brick-and-mortar shops,” Brown stated during the time. “It had been only a matter of the time before they come following the web business, too.”

Previous workers describe Brown, whom shuns publicity, being a kindhearted and substantial guy, who had been a leading resident in Rossville.

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

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

Brown’s chicken ended up being useful for instructions to have individuals around Rossville, he stated, ” and it also took 20 visitors to obtain it together with the building and obtain it set up.”

Though which was years back, his employees nevertheless call their payday business “the chicken” in honor for the mascot that is long-gone Shelley stated, if perhaps simply because they have no idea what else to call CPS.

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

“He’d walk from the company the next day if he can find a better means of saving souls,” Christiansen stated.

The hardship of operating this kind of business that is complicated the cost 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?”

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