Chattanooga Lookouts Owner Charged With Running a Ponzi Scheme

Chattanooga Lookouts' owner John Woods has been charged with running a ponzi scheme in Chattanooga, TN...

John Woods been running his ponzi scheme for ten years plus on the elderly retirees who were preyed upon.

More than 400 investors in 20 different states were owed $110,000,000 in principal. "That's crazy"

"What's more, the complaint says "the Defendants' Ponzi scheme is ongoing and continues to raise money from new investors each month."

You got to be careful out here and do your research when it comes to investing.....

For more on this story click here<-------

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