Emmitt Smith is accused of misusing a $2.5 million loan given by a Cherokee-led economic development agency to settle a prior debt with a third party.
(CN) — A Native American economic development agency sued former Dallas Cowboys star Emmitt Smith and several business partners Monday in Delaware chancery court, claiming the NFL’s all-time leading rusher defrauded the group out of $2.5 million.
Co-founded by Smith and businessman David Mosley, real estate and energy company 4 13 Solutions purportedly approached Kituwah LLC — a business group owned by the Eastern Band of Cherokee Indians — in early 2023 with a potential investment opportunity.
According to Kituwah, Smith and Mosley suggested the two organizations form a joint venture to invest in a planned solar farm in Texas called “Project Exodus,” claiming Kituwah would need to provide a $2.5 million investment to fund the…
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