Emmitt Smith accused of cheating Native American tribe out of $2.5 million
nypost.com • • sports
Key Points:
- NFL legend Emmitt Smith and his business partner David Mosley are accused of defrauding Kituwah LLC, the Band of Cherokee Indians' investment arm, out of $2.5 million in a solar project scheme.
- The lawsuit alleges that Kituwah was misled into loaning the money for the Project Exodus solar farm based on false projections and promises of quick repayment, which have not materialized.
- Kituwah claims the funds were improperly used to pay back another company, Wilson Holdings, involved in other investments with Smith and Mosley, describing the situation as akin to a Ponzi scheme.
- The suit seeks repayment of the $2.5 million loan plus interest, costs, and additional damages, accusing Smith and his partners of fraudulent intent and withholding critical information about the loan's use.
- Emmitt Smith, a Hall of Famer and NFL's all-time rushing leader, has not played since 2004 but remains involved in business ventures, now facing serious legal allegations related to this investment dispute.
