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

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

Brown included CPS through 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 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 which you are in fact operating in the state of Nevada,” according to its website that you need to prove.

Former federal prosecutor Gary Humble stated that “there are unresolved concerns” about why a business would feel the work to create such a more elaborate group of international entities.

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

Nonetheless, stashing a router on an area does not get around U.S. necessarily laws and regulations, in accordance with Uriah King, vice president of state policy for the Center for Responsible Lending, a customer advocacy group.

“Many loan providers argue that since it’s on the internet, what the law states does not use, however the Web does not bequeath magical status in the loan,” King stated.

Ira Rheingold, executive manager when it comes to nationwide Association of Consumer Advocates, stated most Bermuda Internet companies are put up to dodge fees or U.S. rules.

“It really is exactly about avoiding obligation and avoiding U.S. legislation or state legislation, since the situation could be,” Rheingold said.

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


The Federal Trade Commission this season initiated a study into Brown’s companies “to ascertain whether specific creditors that are unnamed be involved in breach associated with Truth in Lending Act . and whether or not they might be involved with online payday CA unjust or misleading functions and 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 discuss the status of any investigation.

Their state of Tennessee will not state whether it’s investigating Brown.

“as of this time, we are able to state that individuals are investigating some possible activity that is unlicensed this state,” stated Neil MacDonald, spokesman when it comes to Tennessee Department of finance 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 now have started a procedure of determining just exactly what entities could be participating in Web lending that is payday being licensed,” he stated. “we can’t touch upon certain investigations.”


Brown isn’t any complete stranger to investigations.

Their go on to portray their business as an interest that is overseas it self a reply to a continuing class-action lawsuit against five cash advance stores which he owned in 2001, he stated into the deposition.

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

Previous workers describe Brown, whom shuns promotion, as a kindhearted and large guy, 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 their status in the neighborhood, he had been selected for the development research in 2005 to revitalize the downtown area, like the old Peerless Woolen Mill.

Brown’s chicken had been useful for directions to obtain individuals around Rossville, he said, ” and it also took 20 individuals to have it in addition to the building to get it set up.”

Though which was years back, their employees nevertheless call their payday business “the chicken” in honor for the long-gone mascot, 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 from the company the next day if he can find an easy method of saving souls,” Christiansen stated.

The difficulty of operating this type 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’s a heart worth?” Christiansen asked. “Do the ends justify the means?”

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