NFL legend Emmitt Smith accused in lawsuit of scamming company out of millions: It was ‘like a Ponzi scheme’

Pro Football Hall of Famer Emmitt Smith has been hit with a $2.5 million lawsuit this week that was filed by a Native American investing company in a Delaware court. Smith and one of his business partners are both being accused of cheating the company out of millions after obtaining a loan that was supposed to be for a solar farm project in Texas.

The lawsuit, which was obtained by CBS Texas, was filed by Kituwah, LLC, which is a tribally owned company that looks for possible investment opportunities for the Eastern Band of Cherokee Indians.

The company claims that Smith, the NFL's all-time leading rusher, used his status as the chairman of a company called 4 13 Solutions to land a $2.5 million loan from Kituwah. Smith and his CEO, David Mosley, were supposed to use the money to help Kituwah make an investment in Project Exodus, which was a proposed solar farm in Texas. After the loan went through in 2023, the lawsuit claims that 4 13 Solutions actually used the money to pay off another company, Wilson Holdings, which was run by a man named Darrel Wilson. Kituwah alleges that Smith "had partnered on other ventures" with…

Original source: https://www.cbssports.com/