Brown declined duplicated demands for a job interview utilizing the Chattanooga occasions complimentary Press.

Brown declined duplicated demands for a job interview utilizing the Chattanooga occasions complimentary Press.

But he did testify about his organizations in a 2005 deposition that is civil and also the occasions complimentary Press interviewed significantly more than a dozen associates and previous and present workers to corroborate their account.

Brown stated within the deposition that their, and had been put up in Canada and Grenada in order to prevent lawsuits and spend less in taxes.

“we think it is simply a shell company,” Brown stated into the deposition about “It possessed an office that is legal 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 into the deposition.

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

Though it appears complicated, it is not uncommon for organizations to go overseas to prevent laws, said Allan Jones, owner of just one regarding the country’s biggest payday lenders, Cleveland, Tenn.-based look at Cash.

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


Though and relevant businesses owned by Brown be seemingly based overseas, Chattanooga could be the real real location that houses the majority of the payday businesses’ employees, split among two buildings on Amnicola Highway and another 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 worked with, as well as the biggest company device while I happened to be here.”

Aaron Shelley, former manager of engagement solutions for Terenine, stated workers had been motivated to make use of the word “affiliate organizations” to spell it out the different entities owned or managed by Brown.

The firms invoice one another for solutions, as with any business does along with its clients, despite the fact that they truly are owned or controlled by the exact same guy, Shelley stated.

“All of the customers had been known as affiliate organizations as it had been ownership that is common” Shelley stated.

Brown stated in the 2005 deposition which he owned a lot more than 20 such organizations, which he individually runs through agreements instead of an ownership structure that is traditional.

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

“It really is a shell,” Brown stated within the deposition. “they truly are in a few third-world country that is tax-free I’m not sure what type.”

In reality, your website it self claims it really is situated in Canada, though its only presence that is physical Canada is a cabinet filled up with appropriate papers, relating to Brown’s deposition.

Perhaps the payday mothership, Credit Payment Services, is still another “shell” business based in Nevada, produced in 2001 along with, Brown stated.

All the work takes place 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, former workers stated.


The strategy is an effective way to an end: Payday revenues are accustomed to help missionaries within their efforts to “save your self souls” international, said Christiansen, the previous Terenine engineer who assisted set up a number of the organization’s operations.

Christiansen ended up being lured to Terenine from a medical profession at CeloNova Biosciences in 2008, at any given time when he discovered himself wondering whether or not it ended up being simpler to “save lives or save your self souls,” he stated.

“Brown really has debated the advantages and cons of just just just what he does, versus of just what he is able to perform aided by the cash,” Christiansen stated.

Bulletin panels during the Amnicola Highway building that homes 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 revenues from his payday web web sites, previous workers stated.