Detroit nonprofit’s ex-finance chief gets 19 years in prison for $40M theft

Detroit nonprofit’s ex-finance chief gets 19 years in prison for $40M theft

A federal judge in Detroit on Thursday ordered 52-year-old William Smith to pay back the $44.3 million. The disgraced Detroit Riverfront Conservancy chief financial officer was arrested in June. He pleaded guilty in November to wire fraud and money laundering.

A Detroit nonprofit’s former finance chief gets 19 years for $40 million theft

DETROIT (AP) — A former executive at a major Detroit nonprofit was sentenced Thursday to 19 years in prison for stealing more than $40 million meant to help beautify the city’s riverfront. Related Articles Judge maintains death penalty as possible punishment for Bryan Kohberger despite autism diagnosis Google’s parent begins year with robust growth despite legal, competitive and economic threats No…

Former Detroit Riverfront Conservancy CFO sentenced for embezzling over $40M - WDET 101.9 FM

Ex-Detroit Riverfront Conservancy CFO William Smith was sentenced to 19 years in prison on Thursday for embezzling more than $40 million from the nonprofit over an 11-year period.Subscribe to the Detroit Evening Report on Apple Podcasts, Spotify, NPR.org or wherever you get your podcasts.Smith, 52, was employed as the Conservancy’s chief financial officer from 2011 through May 2024. Throughout the majority of his time in the role, Smith orchestr…

A Detroit nonprofit's former finance chief gets 19 years for $40 million theft

A former executive at a major Detroit nonprofit has been sentenced to 19 years in prison in the the theft of more than $40 million meant to help beautify the city’s riverfront. A federal judge in Detroit also on Thursday…

Ex-CFO Sentenced For Stealing More Than $40M From Detroit Non-Profit

Ex-Detroit CFO Gets 19 Years In Prison, Must Repay $44M - Detroit, MI - Prosecutors said he used the money to buy airline tickets, hotels, limousines, household goods, lawn care, clothing and jewelry.

Former Detroit Riverfront Conservancy CFO Gets 19 Years For $40 Million Embezzlement

DETROIT, MI. – William A. Smith, the former Chief Financial Officer of the Detroit Riverfront Conservancy (DRFC), was sentenced today to 19 years in federal prison for orchestrating a massive embezzlement scheme that siphoned over $40 million from the non-profit organization over an eleven-year period. Acting United States Attorney Julie Beck announced the sentence, which […] Former Detroit Riverfront Conservancy CFO Gets 19 Years For $40 Millio…