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Former Cowboys Running Back Emmitt Smith Is Sued by Investor over Wind Farm Project
Kituwah says Smith’s company used the loan to repay a prior investor and seeks about $600,000 in interest and other damages.
- Kituwah LLC filed a lawsuit in Delaware this week, alleging former Dallas Cowboys running back Emmitt Smith and 4 13 Solutions misappropriated a $2.5 million loan intended for a Texas wind farm project.
- Project Exodus was valued at $396 million and promised nearly $14 million in first-year net income, but the lawsuit claims the funds were actually used to repay a prior investor rather than acquire the energy venture.
- Alleging Smith and business partner David Mosley misrepresented efforts to secure U.S. Department of Energy funding, attorneys characterized the operation as 'essentially, like a ponzi scheme.' The loan has accrued about $600,000 in interest.
- Darrel Wilson of Wilson Holdings of North America LLC reportedly told Kituwah he received the $2.5 million payment from Smith's company but claimed he did not know its origin. Neither Smith nor 4 13 Solutions has returned requests for comment.
- Representing the Eastern Band of Cherokee Indians, Kituwah is asking a jury to determine damages for the failed venture, which lacked required government financing and allegedly never became operational.
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Former Cowboys running back Emmitt Smith is sued by investor over wind
NFL career rushing leader Emmitt Smith is being sued by a Native American investment company over claims that the former Dallas Cowboys running back and his business partners misappropriated a $2.5 million loan that was supposed to
·Baltimore, United States
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Associated Press News+16 Reposted by 16 other sources
Former Cowboys running back Emmitt Smith is sued by investor over wind farm project
NFL career rushing leader Emmitt Smith is being sued by a Native American investment company over claims that the former Dallas Cowboys running back and his business partners misappropriated a $2.5 million loan that was supposed to fund a wind farm project in Texas.
·New York, United States
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Total News Sources18
Leaning Left8Leaning Right0Center8Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
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C 50%
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