But he did testify about his businesses in a 2005 deposition that is civil together with occasions Free Press interviewed significantly more than a dozen associates and previous and present workers to corroborate their account.
Brown stated within the deposition that their PayDayMax.com, MyCashNow.com and DiscountAdvances.com had been put up in Canada and Grenada to prevent lawsuits and spend less in taxes.
”we think it is simply a shell firm,” Brown stated within the deposition about MyCashNow.com. ”It possessed a appropriate workplace here in Grenada.”
PayDayMax.com is situated in ”several other overseas tax-free nation,” and Discount Advances.com is ”another shell corporation,” Brown said in reaction to questions within 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 said.
Though this indicates complicated, it is not unusual for businesses to go overseas in order to avoid laws, said Allan Jones, owner of just one for the nation’s biggest payday lenders, Cleveland, Tenn.-based look at Cash.
”If an on-line operator is unlicensed, he then or she might not be after relevant regulatory regulations,” explained Jones, whoever business is licensed to use both online and store areas making payday advances. ”those that run overseas have the ability to avoid laws.”
’AFFILIATE BUSINESSES’
Though MyCashNow.com and associated organizations owned by Brown appear to be based overseas, Chattanooga may be the real location that is physical homes almost all of the payday organizations’ employees, split among two structures on Amnicola Highway and another on Brainerd Road, previous workers stated.
”We did plenty of material with pay day loans,” stated former Area 203 intern Brittany Jackson. ”that is the primary thing we worked with, additionally the largest company device while I happened to be here.”
Aaron Shelley, previous manager of engagement services for Terenine, stated workers had been motivated to make use of the definition of ”affiliate businesses” to explain the many entities owned or managed by Brown.
The firms invoice online title loans Virginia one another for solutions, as with any business does along with its clients, despite the fact that they may be owned or managed by the same guy, Shelley stated.
”all the clients had been known as affiliate organizations given that it ended up being ownership that is common” Shelley said.
Brown stated inside the 2005 deposition which he owned significantly more than 20 such companies, which he myself runs through agreements as opposed to a conventional ownership structure.
By way of example, DiscountAdvances.com has ”absolutely absolutely absolutely nothing,” Brown stated, neither is it actually owned by anyone.
”It is a shell,” Brown stated when you look at the deposition. ”They may be in a few third-world tax-free nation, I’m not sure what type.”
In reality, your website it self states it really is positioned in Canada, though its only real existence in Canada is really a cabinet filled up with appropriate documents, based on Brown’s deposition.
Perhaps the payday mothership, Credit Payment Services, is still another ”shell” organization based in Nevada, produced in 2001 along side MyCashNow.com, Brown stated.
A lot of the work takes place inside Brown’s structures on Amnicola Highway and Brainerd path, where employees basically hired doing marketing, hosting and marketing for region 203, Terenine and ACH Federal end up doing work for Brown’s CPS, previous workers stated.
CHARITABLE CAUSES
The strategy is a way to an end: Payday revenues are widely used to help missionaries inside their efforts to ”conserve souls” international, said Christiansen, the Terenine that is former engineer aided 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 the same time as he discovered himself wondering whether or not it had been more straightforward to ”save everyday lives or conserve souls,” he stated.
”Brown myself has debated the good qualities and cons of exactly exactly just what he does, versus of just exactly what he is able to perform with all the cash,” Christiansen stated.
Bulletin boards 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 profits from their payday web web sites, previous workers stated.