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Hamilton County land may be sold in Woods Ponzi scheme case

Staff file photo / John J. Woods, a former Chattanooga Lookouts owner, is alleged to have operated a Ponzi scheme that collected more than $110 million from investors in a fund known as Horizon Private Equity III.
Staff file photo / John J. Woods, a former Chattanooga Lookouts owner, is alleged to have operated a Ponzi scheme that collected more than $110 million from investors in a fund known as Horizon Private Equity III. Staff file photo / John J. Woods, a former Chattanooga Lookouts owner, is alleged to have operated a Ponzi scheme that collected more than $110 million from investors in a fund known as Horizon Private Equity III.

By Mike Pare 3 min read

A share of a Hamilton County hunting club and a large tract of land, owned by an investment fund that was run by alleged Ponzi scheme architect John J. Woods, may be sold.

BW Hunting Club LLC holds 42 acres of vacant land in Harrison off Bryan Road and Hamilton County businessman and club member Bill Lind wants to buy the fund’s share, according to federal court documents.

A. Cotten Wright, the court-appointed receiver overseeing the liquidation of Woods’ fund known as Horizon Private Equity III, is seeking approval for the $151,935 sale, documents show.

She said she received the offer for the Horizon interest from Lind, who owns a 50% membership interest in the hunting club. Horizon also holds a 50% interest in the club, the receiver said.

Court papers said the property was acquired by the club for $356,800 on June 7, 2018.