Former Detroit Riverfront Conservancy CFO Pleads Guilty to …

Nov 15, 2024 · DETROIT – William A. Smith, 52, the former Chief Financial Officer for the Detroit Riverfront Conservancy, pleaded guilty today to federal charges from a years-long scheme to embezzle over $40 million from the Conservancy, United States Attorney Dawn N. Ison …

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Former Detroit Riverfront Conservancy CFO Pleads Guilty To …

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Ex-Detroit Riverfront Conservancy CFO William Smith Pleads Guilty

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Nov 15, 2024 · Detroit — Former Detroit Riverfront Conservancy CFO William Smith faces up to 20 years in federal prison after pleading guilty Friday to stealing at least $44.3 million that was …

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Former Detroit Riverfront Conservancy CFO Pleads Guilty To …

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Nov 15, 2024 · William Smith, the former CFO of the Detroit Riverfront Conservancy, has pleaded guilty to one count of wire fraud and one count of money laundering in the theft of over $40 …

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Former Detroit Riverfront Conservancy CFO William Smith Pleads …

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Nov 15, 2024 · 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.

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Former Detroit Riverfront Conservancy CFO William Smith Set To …

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Aug 13, 2024 · After being charged in June with embezzling $40 million, William Smith, the former CFO of the nonprofit organization Detroit Riverfront Conservancy, is now working with courts …

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Feds Target Ex-Detroit Riverfront CFO's Real Estate Empire To …

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Jun 22, 2024 · Detroit — Federal prosecutors have slapped liens on the bulk of former Detroit Riverfront Conservancy CFO William Smith’s real estate empire, including his $3 million luxury …

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Detroit Riverfront CFO William Smith Unloaded Assets As Alleged …

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Jun 13, 2024 · William Smith, the ousted Detroit Riverfront Conservancy finance chief accused of embezzling $40 million, started transferring assets to his wife and others several times this …

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Former Riverfront Conservancy CFO Faces Embezzlement Charges

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Jun 5, 2024 · William A. Smith is accused of stealing nearly $40 million over 11 years while he was CFO of the Detroit Riverfront Conservancy to pay for airline tickets, hotels, limos, …

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Did Detroit Riverfront Conservancy Chief Financial Officer steal $40 million?

DETROIT — The ousted chief financial officer for the Detroit Riverfront Conservancy has been charged with bank fraud and wire fraud in a criminal complaint that alleges he stole $40 million, the U.S. Attorney's Office announced Wednesday. ...

Did FBI slap liens on former Detroit Riverfront Conservancy CFO?

Detroit — Federal prosecutors have slapped liens on the bulk of former Detroit Riverfront Conservancy CFO William Smith’s real estate empire, including his $3 million luxury cigar bar development in Detroit and properties owned by relatives, moves that could recoup money FBI agents say was stolen from the nonprofit. ...

Was the Detroit Riverfront Conservancy a fraud?

“The Detroit Riverfront Conservancy’s mission is to transform one of our city’s greatest assets, the riverfront, into a vibrant and safe space for all to gather and enjoy. This defendant is alleged to have abused the trust the Conservancy placed in him and to have carried out a fraud that is simply astonishing in scale. ...

Who financed the Riverfront Conservancy?

The financing came from a familiar source: Invest Detroit. Matt Cullen, chairman of the Riverfront Conservancy who has headed the nonprofit while FBI agents say Smith was looting its bank accounts, is also chairman of Invest Detroit, a group that supports real estate and business projects that otherwise have trouble obtaining traditional financing. ...

What is the Detroit Riverfront Conservancy?

The riverfront conservancy is a 501 (c) (3) nonprofit with a mission to provide access to the Detroit international riverfront, particularly a more than five-mile stretch running from the Ambassador Bridge almost to Belle Isle. ...

Could the Detroit Riverfront Conservancy be grafted?

Too-cozy relationships, a bloated 44-member board and a lack of basic financial controls paint a picture of the Detroit Riverfront Conservancy as a nonprofit with its guard down, experts say, potentially allowing some of the worst alleged graft in recent Detroit history. ...