Emmitt Smith Accused of Cheating Solar Investor Out of $2.5M
Kituwah LLC says the loan funded a solar farm that never started and seeks repayment, interest and damages from Smith and David Mosley.
- Kituwah LLC, the investment arm of the Eastern Band of Cherokee Indians, sued former Dallas Cowboys running back Emmitt Smith on Monday in Delaware's Chancery Court, alleging he failed to repay a $2.5 million loan.
- Smith and business partner David Mosley approached Kituwah in early 2023 with an investment opportunity called 'Project Exodus,' a solar farm project that never commenced or generated promised returns.
- The lawsuit alleges Smith and Mosley diverted the $2.5 million to Wilson Holdings instead of the solar project, with Kituwah describing the arrangement as "essentially, like a Ponzi scheme."
- Smith remains the NFL's all-time rushing leader with 18,355 yards and 164 touchdowns, having run for more than 1,000 yards in 11 consecutive seasons during his Hall of Fame career.
- This legal dispute brings negative attention to 4 13 Solutions, Smith's energy company, with observers calling the situation "unfortunate" and hoping for quick resolution.
22 Articles
22 Articles
The Independent
The Independent (US)Emmitt Smith accused of cheating Native American solar investor out of $2.5m
Emmitt Smith has been accused of running an operation similar to a Ponzi scheme in the lawsuit filed against him and his business partners
Emmitt Smith accused of cheating solar investor out of $2.5M
By Field Level Media Sep 02 (Field Level Media) - Pro Football Hall of Fame running back Emmitt Smith has been accused of cheating an investor in a Texas solar energy project out of $2.5 million. A lawsuit filed Monday in Delaware's Chancery Court cl...
Emmitt Smith accused of cheating Native American investor out of $2.5M | Honolulu Star-Advertiser
Pro Football Hall of Fame running back Emmitt Smith and his commercial real estate firm have been accused of cheating a Native American investor out of $2.5 million as part of an alleged solar project scheme, according to a lawsuit filed in Delaware.
Emmitt Smith Accused Of Scamming Native American Tribe Out Of $2.5 Million
Legendary Dallas Cowboys running back Emmitt Smith is being accused of scamming a Native American investor out of $2.5 million as part of an alleged solar project scheme. In a lawsuit filed in Delaware on Monday, Kitwuah LLC, the investment and economic development arm of the Band of Cherokee Indians, loaded $2.5 million after it […]
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