Hall of Fame RB Emmitt Smith, Company Accused of Cheating Investor Out of $2.5 Million
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.
36 Articles
36 Articles
Emmitt Smith Accused of Cheating Investors Out of $2.5 Million
NFL Hall of Fame running back Emmitt Smith is accused of cheating tribal investors out of $2.5 million, according to a lawsuit. A Native American investor claims Smith cheated him in a solar project deal called Project Exodus. The lawsuit was filed Monday in Delaware’s Chancery Court, The Athletic reports. Kituwah LLC, an investment arm […]
Hall of Fame RB Emmitt Smith, company accused of cheating investor out of $2.5 million
Kituwah, a tribally owned investment and economic development arm of the Eastern Band of Cherokee Indians, is seeking the return of the loan “with appropriate interest."
Emmitt Smith accused of conning Native American investor out of $2.5M in solar farm deal – Democratic Accent
Emmitt Smith, the Pro Football Hall of Fame running back, has been accused of conning... The post Emmitt Smith accused of conning Native American investor out of $2.5M in solar farm deal appeared first on Democratic Accent .
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