Ex-Detroit Nonprofit CFO Admits to $44M Embezzlement Scheme
TL;DR Summary
William Smith, the former CFO of the Detroit Riverfront Conservancy, pleaded guilty to embezzling $44 million from the nonprofit over several years. His actions, which included spending on luxury items and personal ventures, have delayed a major riverfront project. Smith faces over 15 years in prison for wire fraud and money laundering.
- Detroit nonprofit CFO admits to stealing $44 million in decades-long scheme—spent money on limos, travel, and clothes Fortune
- Former Detroit Riverfront Conservancy CFO William Smith admits he stole at least $44.3M Detroit News
- Ex-Officer of Detroit Nonprofit Pleads Guilty to Stealing More Than $40 Million The New York Times
- Former Detroit Riverfront Conservancy CFO William Smith pleads guilty to embezzling over $40M WDIV ClickOnDetroit
- Detroit Riverfront Conservancy's ex-CFO pleads guilty to wire fraud and money laundering FOX 2 Detroit
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