ADVERTISEMENT
Advertise Here

Office Hours

Posts tagged: Doris Nelson

Agents raid business suspected in Ponzi scheme

Washington state troopers and agents with the Internal Revenue Service raided the Spokane offices today of Team Spirit America, which has been fined by state regulators for operating what clients have alleged in court is a Ponzi scheme.

The troopers and IRS agents, identified with their uniforms as being part of the Criminal Investigative Division, seized a Mercedes car outside the office, at 1801 W. Broadway Ave.

None of the persons involved in the raid was immediately available for comment.

But just last month, the Washington Department of Financial Institutions announced that it was seeking a $150,000 fine from Colbert resident Doris Nelson, who is manager of Little Loan Shoppe and several other related entities. Nelson manages Team Spirit America, which has taken over affairs for Little Loan Shoppe, according to newspaper archives.

Get blog updates by email

About this blog

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

Sign up for our business email newsletter
Latest comments »

Read all the posts from recent conversations on Office Hours.

Contributors

John Stucke John Stucke is a deputy city editor who helps build local news coverage and writes about health care, bankruptcy and rural affairs.

Recent work by John

Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on spokesman.com and its social networking accounts.

Recent work by Alison

Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

Search this blog
Subscribe to this blog
ADVERTISEMENT
Advertise Here