Ooltewah Businessman Indicted in Investment Scheme

    The Ooltewah businessman accused of bilking  people out of millions of dollars now faces an indictment here in Chattanooga.
    A local federal grand jury indicted 55-year-old Luis Rivas on 19-counts of wire fraud, money laundering and bankruptcy fraud in connection with a Ponzi scheme.
    He's accused of duping more than 300-victims into giving him money with promise of high yields on their investment.
    Rivas remains in a South Carolina jail where he already faces wire fraud charges.
    His operation was headquartered in Chattanooga, but he had offices in several cities.