Two Marion County, Tenn., men are charged with wire fraud and money laundering for allegedly defrauding hundreds of investors in California, Florida, Georgia, Tennessee and Virginia of more than $45 million, according to an FBI news release.
Joshua O. Dobson, 34, of Kimball, and Paul E. Gott III, 39, of Jasper, were ordered to appear in Federal Court in Chattanooga today before U.S. Magistrate Judge Susan K. Lee, authorities said.
The investigation was a joint effort by the Knoxville Division of the FBI and the Chattanooga resident agency and Internal Revenue Service.