Former Detroit riverfront conservancy chief financial officer sentenced for embezzling over $40 million from the conservancy

April 24, 2025 — Former Detroit Riverfront Conservancy chief financial officer William A. Smith was sentenced to 19 years in prison today for embezzling over $40 million from his employer over an eleven-year period, announced Acting United States Attorney Julie Beck. Smith was also sentenced to a three-year term of supervised release, ordered to pay approximately $44.3 million in restitution, and ordered to forfeit ill-gotten gains that were traceable to his scheme.  Read More