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Former Cowboys Running Back Emmitt Smith Is Sued by Investor over Wind Farm Project
Kituwah says Smith’s company used the loan to repay a prior investor and seeks about $600,000 in interest and other damages.
- On Monday, Kituwah LLC filed a lawsuit in Delaware alleging former Dallas Cowboys running back Emmitt Smith and his company, 4 13 Solutions, misappropriated a $2.5 million loan intended for a Texas wind farm project.
- Project Exodus was valued at $396 million and promised nearly $14 million in first-year net income, but the lawsuit claims funds were used to repay a prior investor rather than securing the energy venture.
- Attorneys for the investment firm characterized the operation as 'essentially, like a ponzi scheme,' alleging Smith and business partner David Mosley misrepresented efforts to secure U.S. Department of Energy funding. The loan has accrued about $600,000 in interest.
- Darrel Wilson of Wilson Holdings of North America LLC reportedly received a $2.5 million payment from Smith's company but claimed he did not know its origin. Neither Smith nor 4 13 Solutions has returned requests for comment.
- Representing the Eastern Band of Cherokee Indians, Kituwah is asking a jury to determine damages for the failed venture, which lacked required government financing and allegedly never became operational.
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Former Cowboys running back Emmitt Smith is sued by investor over wind
NFL career rushing leader Emmitt Smith is being sued by a Native American investment company over claims that the former Dallas Cowboys running back and his business partners misappropriated a $2.5 million loan that was supposed to
·Baltimore, United States
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Associated Press News+18 Reposted by 18 other sources
Former Cowboys running back Emmitt Smith is sued by investor over wind farm project
NFL career rushing leader Emmitt Smith is being sued by a Native American investment company over claims that the former Dallas Cowboys running back and his business partners misappropriated a $2.5 million loan that was supposed to fund a wind farm project in Texas.
·New York, United States
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Total News Sources20
Leaning Left8Leaning Right0Center10Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 44%
C 56%
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