NFL Legend Emmitt Smith Talks About How A $500k Ponzi Scheme Hit Him Hard

Emmitt Smith, the legendary Dallas Cowboys running back and NFL's all-time leading rusher, has entered a legal battle. Together with his business partner, Mark Page, Smith claims they were scammed out of over $500,000 in a Ponzi scheme involving Traders Domain FX, a company currently under investigation by the U.S. Commodity Futures Trading Commission (CFTC).Emmitt Smith and Page's company, E Smith Legacy Holdings, engages in real estate development and construction. The lawsuit, filed in Dallas County Court, alleges that they were persuaded to invest by Johnny Wimbrey, a motivational speaker with personal ties to Smith. The pair accuses Wimbrey and others of making false promises about returns on foreign currency and gold trading, while misappropriating their funds.Traders Domain FX was flagged by the CFTC in 2022 for operating without proper registration. Smith and Page are seeking damages exceeding $500,000, along with legal expenses. Wimbrey has denied wrongdoing and filed a countersuit against Smith, claiming reputational harm. Smith’s attorney emphasizes the gravity of the allegations and their commitment to legal action.

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