Emmitt Smith’s Solar Venture Projected $13.8 Million in First-Year Income. An Investor Says Its $2.5 Million Was Diverted

Emmitt Smith accused of running $2.5 million Ponzi-like scheme

The lawsuit against the Pro Football Hall of Famer claims Emmitt Smith and associates requested a $2.5 million loan from a Native American tribe for a solar project.

Emmitt Smith’s Solar Venture Projected $13.8 Million in First-Year Income. An Investor Says Its $2.5 Million Was Diverted

Pro Football Hall of Famer Emmitt Smith and several business partners are facing a civil fraud lawsuit over a $2.5 million loan that was supposed to help a joint venture acquire an interest in a planned Texas solar development. Kituwah Energy Project #2 LLC, an affiliate of Kituwah LLC, the…