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Former Chattanooga businessman John J. Woods was charged with one felony count of wire fraud stemming from an alleged Ponzi scheme in which federal regulators accused him of bilking investors.
Former Lookouts Investor Charged With Wire Fraud In $25 Million Ponzi Scheme chattanoogan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chattanoogan.com Daily Mail and Mail on Sunday newspapers.
Investors seeking claims in an alleged Ponzi scheme involving former Chattanooga businessman John J. Woods will receive an initial payout of $18 million, a judge ruled Tuesday.