The former chief financial officer of a Detroit nonprofit was sentenced Thursday to 19 years in federal prison for stealing more than $40 million from his ex-employer.
Judge Susan K. DeClercq also ordered William A. Smith, the ex-CFO of Detroit Riverfront Conservancy Inc., to pay $44.3 million in restitution and to forfeit certain possessions, according to a news release from the US Attorney’s Office for the Eastern District of Michigan. He was allowed to report to prison at a later date.
Smith, who worked for the nonprofit from 2011 until he was fired in May 2024, pleaded guilty last November ...
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