Former Cowboys star Emmitt Smith is sued by a Native American investment company over a $2.5 million loa...

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Published: 2026-09-05T16:00:14.816Z • Permanent link

Former NFL star Emmitt Smith, the legendary running back who played for the Dallas Cowboys, has been sued by a Native American investment company, Advance Resources Inc, over a $2.5 million loan for a wind farm project in New Mexico. The lawsuit, filed in U.S. District Court for the District of New Mexico, claims that Smith and his business partner, John Lindsey, failed to repay the loan on time. Advance Resources Inc is alleging that Smith and Lindsey's company, Smith Lindsey Partners, failed to provide adequate collateral for the loan and did not make timely payments on the loan.

According to court documents, Smith and Lindsey entered into an agreement with Advance Resources Inc in 2018 to develop a wind farm project in New Mexico. The project was valued at $10 million, and Smith and Lindsey were expected to repay the loan over five years. However, the loan was not fully repaid, and Advance Resources Inc began pursuing Smith and Lindsey for payment. The lawsuit claims that Smith and Lindsey failed to respond to letters and demands for payment, and instead continued to use the funds for other business purposes.

Smith and Lindsey have denied the allegations, stating that they had intended to repay the loan but were unable to do so due to unforeseen circumstances. The lawsuit is the latest in a series of financial disputes involving Smith, who has been involved in several business ventures over the years. Advance Resources Inc is seeking $2.5 million in damages, plus interest and attorney's fees.

The lawsuit has significant implications for the financial markets, particularly in the wind energy sector. The wind farm project was one of several initiatives launched by Smith and Lindsey in an effort to diversify their business interests and generate additional revenue streams. However, the failure to repay the loan highlights the risks associated with investing in small businesses and the importance of careful due diligence.

The lawsuit also raises questions about the regulatory environment for Native American businesses and the access to capital that these entities face. Advance Resources Inc is a Native American-owned company, and the lawsuit highlights the challenges that these businesses often encounter when seeking funding from traditional lenders. The case underscores the need for greater support and resources for Native American entrepreneurs and small businesses, as well as the importance of promoting greater access to capital and financial markets.

The lawsuit is part of a larger pattern of financial disputes involving high-profile individuals and companies in the wind energy sector. In recent years, there have been several high-profile bankruptcies and failures of wind energy projects, highlighting the risks associated with investing in this sector. The failure of several major wind energy companies, including Envision Energy and Longroad Energy, has led to significant job losses and financial losses for investors.