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Friday, November 13, 2026Nov 13

Local gold buyer Rick Davis arrested on charges of passing worthless checks

Staff photo / In 2017, Rick Davis evaluates a serving tray brought in by a customer at his Brainerd Road jewelry store, Rick Davis Gold and Diamonds, in Chattanooga.
Staff photo / In 2017, Rick Davis evaluates a serving tray brought in by a customer at his Brainerd Road jewelry store, Rick Davis Gold and Diamonds, in Chattanooga. Staff photo / In 2017, Rick Davis evaluates a serving tray brought in by a customer at his Brainerd Road jewelry store, Rick Davis Gold and Diamonds, in Chattanooga.

The owner of a local gold and diamonds store has been arrested and charged with passing worthless checks.

Hamilton County issued a warrant for Rick Davis’ arrest on Jan. 14. He was arrested Tuesday.

This is not the first time Davis, 70, has had run-ins with the law. He was also indicted by a grand jury in 2024 on six felony counts of theft that allegedly occurred between December 2023 and May 2024. Four of the counts list the property stolen as valued between $10,000 and $60,000. He is scheduled to appear in front of Judge Amanda Dunn on Feb. 6 in association with the indictment.

His extensive legal history also includes a connection to the 1997 deaths of Sean and Donny Goetcheus, and he was sued in 2013 by a Lookout Mountain, Georgia, woman who accused him of illegally passing along a $20,000 ring that was stolen from her home in a burglary.

Davis bailed out of the Hamilton County Jail before Wednesday afternoon but is set to appear on March 17.