Ex-CFO admits to stealing $40M from Detroit nonprofit in ‘astonishing’ scheme
Over 12 years, the former CFO of the Detroit Riverwalk Conservancy embezzled millions of dollars from the nonprofit group.
Former Detroit Riverfront Conservancy CFO William Smith admits he stole at least $44.3M
The guilty plea is the latest development in one of the most lucrative criminal schemes in Detroit history and comes amid ongoing search for what happened money stolen by ex-CFO William Smith.
Ex-CFO admits to stealing $44 million from major Detroit nonprofit
William Smith, the former chief financial officer of the Detroit Riverfront Conservancy, pleaded guilty to stealing US$44 million from the organization
Former Detroit Riverfront Conservancy CFO pleads guilty in $40M embezzlement scheme
(CBS DETROIT) — Former Detroit Riverfront Conservancy CFO William Smith pleaded guilty Friday to embezzling more than $40 million from the Conservancy. Smith pleaded guilty to one count of wire fraud and one count of money laundering. Both counts carry a maximum sentence of 20 years in prison.
Ex-Detroit Riverfront CFO William Smith pleads guilty to wire fraud, money laundering
In court Friday afternoon, Smith sighed before detailing what he'd done wrong at the request of U.S. District Judge Susan DeClercq. Speaking quietly, he said that, around 2012, he began "to divert millions in Conservancy funds.
Former Detroit Riverfront Conservancy CFO William Smith pleads guilty to embezzling over $40M
Former Detroit Riverfront Conservancy CFO William A. Smith, 52, pleaded guilty Friday to embezzling more than $40 million from the nonprofit in a years-long scheme.
Detroit Riverfront Conservancy's ex-CFO pleads guilty
Former Detroit Riverfront Conservancy CFO William A. Smith pleaded guilty in federal court to charges in a decade-long scheme to steal more than $40 million from the nonprofit Detroit Riverfront Conservancy.
Former Detroit Riverfront Conservancy CFO pleads guilty to wire fraud, money laundering
The former CFO of the Detroit Riverfront Conservancy is now facing 15 to 19 years in prison after pleading guilty to wire fraud and money laundering Friday.
Former Detroit Riverfront Conservancy CFO William Smith pleads guilty in $44 million theft
Former Detroit Riverfront Conservancy CFO William Smith leaves the Federal Courthouse after pleading guilty in stealing more than $44 million.
Ex-Officer of Detroit Nonprofit Pleads Guilty to Stealing More Than $40 Million
William A. Smith, the former chief financial officer for the Detroit Riverfront Conservancy, was accused of embezzling funds meant to support efforts to beautify the city’s waterfront.
Former Detroit Riverfront Conservancy CFO pleads guilty to embezzling over $40M
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Ex-Detroit Nonprofit CFO Admits To Stealing $44M From Organization
The former CFO of the Detroit Riverfront Conservancy pleaded guilty to financial crimes stemming from the embezzlement of $44 ...
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Former CFO of Detroit Riverfront Conservancy Pleads Guilty to $40M Embezzlement Scheme
The former CFO of the Detroit Riverfront Conservancy, William Smith, has pled guilty to embezzling over $40 million.