NFL Legend Emmitt Smith Accused of Cheating Investors Out of $2.5 Million: ‘Like a Ponzi Scheme’

Pro Football Hall of Famer Emmitt Smith has been accused of cheating investors out of more than $2.5 million.

According to documents seen by First for Sports, the Kituwah Energy Project, a Native American-owned economic developmental agency, filed a lawsuit on Monday, August 31, in the Delaware Court of Chancery, accusing the retired Dallas Cowboys running back and his longtime business partner David Mosley — along with Darrel Wilson and his company Wilson Holdings — of exploiting them out of $2.5 million.

According to the complaint, Smith and his partners allegedly used “false projections and data” and made “promises that they had no intention of fulfilling” in order to persuade Kituwah to “form a joint venture with their company, 4 13 Solutions” and loan them the money to be used for a “renewable energy project in Texas.”

The solar farm project they were allegedly working on “would be up and running by the end of 2024 and was projected to generate millions in income,” the docs stated.

But instead, Kituwah’s loan was used to pay money previously owed to Wilson Holdings for failed investments, the complaint alleged, “essentially, like a Ponzi scheme.”

The Kituwah loan has gone unpaid, more than two years after it was due, they claim.

Kituwah is seeking damages of at least $2.5 million plus interest, costs and expenses, as well as attorneys’ fees, costs and expenses incurred in connection with investigating what happened to the loan money.

The three-time Super Bowl champ, who is worth an estimated $25 million, per Celebrity Net Worth, has not publicly addressed the legal complaint.

He has, however, recently been out of the country. “Wrapped up my vacation in Greece with final stops in Mykonos and Santorini,” the Dancing With the Stars winner captioned an Instagram post on August 21, adding that it was “a beautiful cap to my European getaway.”