Ex-Detroit Riverfront CFO Charged with $40M Embezzlement
TL;DR Summary
The CFO of the Detroit Riverfront Conservancy, William A. Smith, has been charged with bank and wire fraud for allegedly embezzling nearly $40 million from the nonprofit, which aimed to revitalize Detroit's waterfront. Smith reportedly used the funds for personal luxury purchases, exploiting his exclusive control over the nonprofit's finances.
- Detroit Nonprofit CFO Accused of Stealing $40 Million The New York Times
- Feds: Detroit Riverfront CFO William Smith stole $40M during years-long scheme Detroit News
- William Smith, Detroit Riverfront ex-CFO, facing federal fraud charges Detroit Free Press
- Former Detroit Riverfront Conservancy CFO federally charged, accused of stealing millions WDIV ClickOnDetroit
- Key figure at Detroit riverfront nonprofit charged with embezzling millions The Associated Press
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