Hall of Famer Emmitt Smith Named in $2.5M Investment Lawsuit
TL;DR Summary
A lawsuit filed in Delaware’s Chancery Court accuses Hall of Famer Emmitt Smith and his business partner of misusing a $2.5 million loan from Kituwah LLC, tied to a Texas solar project, and alleges a Ponzi-scheme-like scheme. Kituwah says no repayment has been made and seeks at least $2.5 million plus interest and damages. The case follows Smith’s Las Vegas restaurant Emmitt’s closing for unpaid rent.
Topics:sports#business#delaware-chancery-court#emmitt-smith#kituwah-llc#ponzi-scheme#texas-solar-project
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