Ex-Detroit Riverfront CFO Charged with $40M Embezzlement
TL;DR Summary
William Smith, the former CFO of the Detroit Riverfront Conservancy, has been charged with embezzling $40 million from the organization, using the funds for personal expenses such as travel, hotels, and luxury items. The scandal has shocked the Conservancy's board and major donors, who are committed to overcoming the impact of the fraud.
- He helped turn Detroit's riverfront into an attraction. Feds say he stole $40M while doing it The Associated Press
- Feds: Detroit Riverfront CFO William Smith stole $40M during years-long scheme Detroit News
- Former Detroit Riverfront Conservancy CFO federally charged, accused of stealing millions WDIV ClickOnDetroit
- Detroit Riverfront Conservancy's ex-CFO bought property for cigar bar Axios
- Ex-Detroit Riverfront CFO embezzled tens of millions of dollars: Feds USA TODAY
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