Brown declined duplicated needs for an meeting with all the Chattanooga instances complimentary Press.

Brown declined duplicated needs for an meeting with all the Chattanooga instances complimentary Press.

But he did testify about their organizations in a 2005 civil deposition, while the occasions complimentary Press interviewed a lot more than a dozen associates and previous and present workers to corroborate his 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 really is simply a shell company,” Brown stated within the deposition about “It possessed a appropriate workplace here in Grenada.” is situated in “several other overseas country that is tax-free” and Discount is “another shell corporation,” Brown stated in reaction to concerns when you look at the deposition.

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

Though it appears complicated, it isn’t unusual for businesses to go overseas to prevent regulations, stated Allan Jones, owner of just one associated with country’s biggest payday lenders, Cleveland, Tenn.-based look at Cash.

“If an on-line operator is unlicensed, he then or she may possibly not be following relevant regulatory legislation,” explained Jones, whoever business is certified to use both Web and store areas making pay day loans. “those that run overseas have the ability to avoid laws.”


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

“We did lots of material with pay day loans,” stated former Area 203 intern Brittany Jackson. “this is the primary thing we caused, while the biggest company product while I became here.”

Aaron Shelley, previous manager of engagement solutions for Terenine, said workers had been motivated to make use of the word “affiliate organizations” to explain the different entities owned or managed by Brown.

The firms invoice one another for solutions, the same as any business does having its clients, and even though they truly are owned or managed because of the exact same man, Shelley stated.

“all the clients had been named affiliate businesses since it had been common ownership,” Shelley said.

Brown stated in the 2005 deposition which he owned significantly more than 20 such companies, that he really runs through agreements in place of a old-fashioned ownership framework.

As an example, owns “absolutely nothing,” Brown stated, neither is it really owned by anyone.

“It is a shell,” Brown said into the deposition. “They may be in certain third-world tax-free country, we have no idea what type.”

In fact, your website it self states it is situated in Canada, though its only presence that is physical Canada is just a cabinet full of appropriate papers, in accordance with Brown’s deposition.

Perhaps the mothership that is payday Credit Payment Services, is still another “shell” business 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 end up employed by Brown’s CPS, previous workers stated.


The strategy is a way to a finish: Payday revenues are acclimatized to help missionaries within their efforts to “save yourself souls” international, said Christiansen, the Terenine that is former engineer assisted set up a number of the organization’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 had been simpler to “save everyday lives or conserve souls,” he stated.

“Brown individually has debated the good qualities and cons of just what he does, versus of just just exactly what he is able to perform because of the cash,” Christiansen stated.

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