Rick Davis Tennessee Death and Obituary – Rick Davis, a prominent Chattanooga businessman and owner of Rick Davis Gold and Diamonds, died by suicide while in jail custody on April 27, 2025. His death occurred amidst escalating legal troubles, including multiple criminal charges and a recent FBI raid on his business and residence.
For over four decades, Rick Davis operated his gold and diamond business on Brainerd Road, becoming a well-known figure in Chattanooga’s jewelry and precious metals market. However, in recent years, his reputation suffered due to numerous allegations of financial misconduct.
Davis faced a series of legal issues leading up to his death. In January 2025, he was arrested on two counts of passing worthless checks. Prior to that, in October 2024, he was indicted on seven counts of theft, with the value of stolen items ranging between $10,000 and $60,000.
In April 2025, Davis was arrested again for allegedly threatening attorney Buddy Presley, who represented a client claiming Davis sold her a stolen ring worth $100,000 for just $150. According to police reports, Davis threatened to kill Presley and his son during phone calls.
On April 2, 2025, the FBI conducted a court-authorized raid on Rick Davis Gold and Diamonds and Davis’s home on Missionary Ridge. Agents were seen searching through suitcases and vehicles on Davis’s property.
Following the raid, a court order led to the seizure of Davis’s business assets. An estate sale was scheduled to liquidate the assets, with proceeds intended to compensate victims of Davis’s alleged fraudulent activities.
Davis’s death has left many in the Chattanooga community grappling with the aftermath of his actions. Numerous victims have come forward, claiming significant financial losses due to Davis’s business dealings. Legal experts suggest that the liquidation of Davis’s assets may not fully cover the restitution owed to all affected parties.
Authorities continue to investigate the full extent of Davis’s alleged fraudulent activities and the potential involvement of others in his business operations. The case serves as a stark reminder of the importance of due diligence in financial transactions and the potential consequences of unethical business practices.
Note: This article is based on available information as of April 29, 2025. Further updates may emerge as investigations continue.
