Emmitt Smith sued over misused $2.5M loan for Texas wind farm
Kituwah LLC, an investment firm for the Eastern Band of Cherokee Indians, alleges that Emmitt Smith and his partner David Mosley misappropriated a $2.5 million loan intended for a wind farm project. The lawsuit claims the funds were used to repay an earlier investor instead of securing the project. Kituwah is seeking damages, with the loan having accrued about $600,000 in interest.
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Original headline: “Former Cowboys star Emmitt Smith is sued by a Native American investment company over a $2.5 million loan for wind farm project.” Browse more stories.