HomeTop StoriesFormer CFO of Detroit Riverfront Conservancy pleads guilty to $40 million embezzlement

Former CFO of Detroit Riverfront Conservancy pleads guilty to $40 million embezzlement

Former CFO of Detroit Riverfront Conservancy pleads guilty to $40 million embezzlement scheme – CBS Detroit

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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 bank fraud and one count of money laundering. Both charges carry a maximum prison sentence of 20 years.

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