Emmitt Smith Accused of Running $2.5M Scheme on Solar Deal
The former Cowboys star was sued over a solar deal gone sour.
Pro Football Hall of Famer Emmitt Smith is being accused of defrauding a Native American investor out of $2.5 million in a solar project scheme. According to a lawsuit filed in Delaware's Chancery Court on Monday, Smith, his business partner David Mosley, and their company 4 13 Solutions Inc. allegedly used funds meant for a Texas solar project to repay a company named Wilson Holdings, with which they have previously worked.
The lawsuit, filed by Kituwah LLC, the investment and economic development arm of the Eastern Band of Cherokee Indians, claims that the defendants misled Kituwah about the loan, promising a partner role in the Project Exodus solar farm and potential future financing from the U.S. Department of Energy. Kituwah was promised repayment in "a matter of months," but the loan, due on Feb.
1, 2024, has not been repaid, and Kituwah has seen no progress on the solar project. The suit alleges that Kituwah's $2.5 million loan, now over $3 million with accrued interest, was used to pay Wilson Holdings instead, and that the defendants' actions constitute a Ponzi scheme. Kituwah has offered to waive interest if the loan was repaid by Aug.
31, 2025, but this offer was ignored. The lawsuit seeks at least $2.5 million, plus interest, costs, and damages to be determined at trial.
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