Ex-Cowboys star Emmitt Smith linked to $2.5M investment-scheme allegations
TL;DR Summary
A Delaware lawsuit filed by Kituwah LLC, a tribally owned Cherokee investment firm, accuses former Cowboys running back Emmitt Smith, his partner David Mosley, and their company 4 13 Solutions of obtaining a $2.5 million loan to fund a Texas renewable-energy project and then diverting the funds to other ventures, including payments to Wilson Holdings, in a Ponzi-like scheme. The loan due date of Feb. 1, 2024 has passed with no repayment, and Kituwah seeks more than $3 million in return plus interest and costs. Representatives for Smith did not immediately comment.
Topics:sports#crime-and-courts#delaware-court-of-chancery#emmitt-smith#kituwah-llc#ponzi-scheme#renewable-energy
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