A well-known Chattanooga gold buyer is accused of stealing thousands of dollars in property from seven different people.
Rick Davis, 70, was indicted in August by a Hamilton County grand jury, the indictment shows.
Davis owns the Brainerd Road jewelry store Rick Davis Gold and Diamonds.
He was arrested Thursday and had bonded out of the Hamilton County Jail by Friday morning, District Attorney Coty Wamp said by phone.
Davis is accused of two counts of obtaining control of property valued at $2,500 or more but less than $10,000 without the owner’s consent and with the intent to deprive the owner of said property, the indictment states. Brett White, Charles Piazza and Lisa Moore were the owners of the items.