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Chattanooga Lookouts owner faces fraud charges for running ‘massive Ponzi scheme’ –

Woods, a 56-year-old East Ridge native, operates Southport Capital from his home in Marietta, Georgia and maintains offices around the country including in the UBS building in downtown Chattanooga, to manage more than $824 million of client investments. In 2014, Woods also became one of the general partners of the Chattanooga Lookouts minor league baseball team when his group bought the team from longtime owner Frank Burke and Woods has been an investor in several local real estate projects. Woods is now a minority owner in the Lookouts franchise along with other investors.

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