The president of a Spokane-based company under investigation for an alleged $50 million-plus Ponzi scheme is to give up a motor home and Corvette, according to a legal notice published last week.

An Internal Revenue Service official declined comment on the probe involving Doris Nelson, president of Little Loan Shoppe LLC, and affiliates, saying any underlying civil or criminal complaints -- if any -- are under seal.

Bert Caldwell wrote about this and several other financial and business-related frauds in a story you can read here.

Past coverage:

May 20: LLC in Ponzi probe in the black, report says

Feb 24: State outlines Ponzi charges

July 23: Loan shop files for bankruptcy

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