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.
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