Agents of the FBI and IRS Tuesday searched the offices of Team Spirit America, the operating affiliate of a payday loan business that investors allege was a Ponzi scheme.

An agent posted inside the door of the offices at 1801 W. Broadway Ave. declined to comment on the activity, or whether a search warrant had been issued.

Spokesmen for the IRS, FBI and U.S. Attorney’s Office also would not respond to questions. Washington State Patrol officers were present during the search.

Team Spirit is managed by Doris Nelson, founder of Little Loan Shoppe, which made short-term installment loans. Little Loan Shoppe, as LLS America LLC, filed bankruptcy in August.

Read the rest of Bert Caldwell's story here.

Previous coverage:

Feb 24: State outlines Ponzi charges

July 23: Loan shop files for bankruptcy

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