Native American Investor Allegedly Conned Out Of $2.5 Million By Emmitt Smith In Solar Farm Deal
Pro Football Hall of Fame running back Emmitt Smith allegedly conned a Native American investor out of $2.5 million, according to a lawsuit that was filed Monday in Delaware.
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The lawsuit reads that Kituwah LLC, which is the Band of Cherokee Indians’ investment and economic development sector, issued a loan of $2.5 million after the entity was convinced to be a part of an alleged solar project from Smith, his business partner David Mosley and their real estate company 413 Solutions, Inc, per Front Office Sports. (RELATED: Tony Romo Loses Driver’s License, Ordered To Use Ignition-Locking Device After Being Found Guilty In OWI Case)
It’s claimed by Kituwah that it hasn’t received “a penny” from the past due loan, which is more than two years past its deadline. The organization also alleges that the loaned money was spent on paying back a different company that made a prior investment into the project.
The name of the venture invested into by Kituwah was Project Exodus solar farm, and the organization had the understanding it would become a partner. It’s also alleged by the entity that the U.S. Department of Energy would help fund the project.
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At least $2.5 million in damages is what Kituwah LLC is seeking, as well as expenses, costs, interest and whatever else determined in a trial.
“Kituwah poured substantial time, efforts, and resources in the purported joint venture,” reads the lawsuit, per OutKick. “Not only has Kituwah not seen any returns on its investment, Kituwah has been forced to expend additional costs in efforts to reclaim the amounts it is still owed pursuant to its investment, including to investigate what happened to its money.”
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