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Former Detroit Riverfront Conservancy CFO pleads guilty in $40M embezzlement scheme

Name: Former Detroit Riverfront Conservancy CFO pleads guilty in $40M embezzlement scheme
Uploaded: 2024-11-15T17:15:00-0500
Duration: 2 min 7 s
Description: 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.

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.