Brown declined duplicated needs for a job interview using the Chattanooga days complimentary Press.

Brown declined duplicated needs for a job interview using the Chattanooga days complimentary Press.

Brown declined duplicated needs for a job interview using the Chattanooga days complimentary Press.

But he did testify about their businesses in a 2005 deposition that is civil therefore the days Free Press interviewed significantly more than a dozen associates and previous and present employees to corroborate his installment loans in Texas direct lenders account.

Brown stated into the deposition that their, and had been create in Canada and Grenada in order to avoid lawsuits and spend less in taxes.

“we think it is simply a shell business,” Brown stated within the deposition about “It had a appropriate workplace here in Grenada.” is situated in “several other overseas tax-free nation,” and Discount is “another shell corporation,” Brown stated as a result to questions into the deposition.

The business behind the overseas shell businesses is Credit Payment Services, which Brown controls through a few agreements put up a decade ago, he stated.

Though this indicates complicated, it’s not unusual for businesses to go offshore to prevent laws, stated Allan Jones, owner of just one for the country’s biggest payday lenders, Cleveland, Tenn.-based look at Cash.

“then he or she may not be following applicable regulatory laws,” explained Jones, whose company is licensed to operate both Internet and retail store locations making payday loans if an online operator is unlicensed. “those that run offshore have the ability to avoid laws.”


Though and associated businesses owned by Brown be seemingly based overseas, Chattanooga may be the real real location that homes the majority of the payday organizations’ workers, split among two structures on Amnicola Highway and something on Brainerd path, previous workers stated.

“We did plenty of material with payday advances,” stated former Area 203 Brittany that is intern Jackson. “that is the primary thing we caused, as well as the biggest company product while I became here.”

Aaron Shelley, previous manager of engagement services for Terenine, stated workers had been motivated to utilize the expression “affiliate businesses” to spell it out the many entities owned or managed by Brown.

The firms invoice one another for solutions, similar to any business does along with its clients, despite the fact that they truly are owned or managed because of the man that is same Shelley said.

“all the customers had been named affiliate organizations as it was ownership that is common” Shelley stated.

Brown stated in their 2005 deposition he owned more than 20 such organizations, that he individually runs through agreements in the place of a old-fashioned ownership framework.

For example, has “absolutely absolutely absolutely nothing,” Brown stated, nor is it actually owned by anyone.

“It is a shell,” Brown stated within the deposition. “they are in certain third-world tax-free nation, I’m not sure which one.”

In reality, your website it self states it is based in Canada, though its only presence that is physical Canada is a cabinet full of appropriate papers, relating to Brown’s deposition.

Even the payday mothership, Credit Payment Services, is still another “shell” firm based in Nevada, developed in 2001 along side, Brown stated.

The majority of the work occurs inside Brown’s structures on Amnicola Highway and Brainerd path, where employees fundamentally hired doing advertising, website hosting and marketing for region 203, Terenine and ACH Federal are employed by Brown’s CPS, previous employees stated.


The strategy is a way to a conclusion: Payday revenues are accustomed to help missionaries within their efforts to “save yourself souls” overseas, said Christiansen, the Terenine that is former engineer aided set up most of the business’s operations.

Christiansen ended up being lured to Terenine from the medical job at CeloNova Biosciences in 2008, at any given time as he discovered himself wondering whether or not it ended up being more straightforward to “save everyday lives or conserve souls,” he stated.

“Brown myself has debated the advantages and cons of just just what he does, versus of just exactly what he is able to perform with all the cash,” Christiansen stated.

Bulletin panels in the Amnicola Highway building that houses Terenine, ACH Federal and Area 203 are covered with photos of smiling kids who Brown has assisted, and full of postcards from overseas missionaries whom he supports with profits from their payday web sites, previous workers stated.