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

Brown included CPS through company 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 rules. »

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 you are in fact operating in the state of Nevada, » according to its website that you need to prove.

Previous prosecutor that is federal Humble stated that « there are unresolved concerns » about why an organization would have the work to create such a more sophisticated group of worldwide entities.

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

Nevertheless, stashing a router for a island does not fundamentally bypass U.S. regulations, in accordance with Uriah King, vice president of state policy for the Center for Responsible Lending, a consumer advocacy group.

« Many lenders argue that since it’s on the internet, what the law states does not use, nevertheless the Web does easy payday loans in Hackensack not bequeath magical status from the loan, » King said.

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

« It really is exactly about avoiding obligation and avoiding U.S. legislation or state legislation, given that situation could be, » Rheingold said.

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


The Federal Trade Commission this present year initiated a study into Brown’s organizations « to ascertain whether particular creditors that are unnamed be involved with breach of this Truth in Lending Act . and whether or not they could be involved in unjust or misleading acts and methods. »

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 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 say that people are investigating some feasible activity that is unlicensed this state, » stated Neil MacDonald, spokesman when it comes to Tennessee Department of banking institutions.

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

« after that, we’ve started an ongoing process of determining exactly just what entities may be participating in Internet lending that is payday being certified, » he stated. « we can’t touch upon particular investigations. »


Brown is not any complete stranger to investigations.

Their proceed to portray their company being a international interest ended up being it self an answer to a continuing class-action lawsuit against five advance loan shops he owned in 2001, he stated within the deposition.

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

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

There he ran Happy Motors, a buy-here, pay-here dealership well-known for a 15-foot-high, bright yellow chicken which he then called « the 2nd 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 study in 2005 to revitalize the downtown area, such as the old Peerless Woolen Mill.

Brown’s chicken had been employed for instructions to have individuals around Rossville, he stated,  » and it also took 20 individuals to have it along with the building and obtain it in position. »

Though which was years back, their employees nevertheless call his payday business « the chicken » in honor associated with mascot that is long-gone Shelley stated, if perhaps simply because they do not know what else to call CPS.

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

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

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.

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