The head of the Chattanooga Community Development Financial Institution said today that he was told point-blank his organization was not the target of an FBI probe.
“I asked if the CDFI was the target of an investigation,” David Johnson, president of CCDFI and Chattanooga Neighborhood Enterprise. “The answer was no.”
He said he also asked if staff were targets of an investigation and he also said the answer was “no.”
Johnson said he felt the target for the investigation was the Tennessee Multicultural Chamber of Commerce, which has been under fire for a week concerning a city review that came out. The review detailed possible financial mismanagement, questionable loans, and extravagant salaries and travel expenses.
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