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And Smith obtained a $5 million line of credit in 2023 from Citizens Bank after "his embezzlement threatened to exhaust the Conservancy’s cash." ... Detroit Riverfront Conservancy CFO William ...
A man accused of stealing $44 million from a Detroit nonprofit group pleaded guilty Friday to financial crimes that stunned the organization and forced some delays in a major riverfront project.
Founded in 2003, the conservancy is a nonprofit that has received hundreds of millions of dollars from government, private, and philanthropic sources for the development of 5.5 miles of riverfront ...
EX-CFO William Smith’s indictment has raised questions about how region's top business, philanthropic and civic leaders missed years of alleged theft.
The riverfront conservancy must answer that question, and others. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
William Smith, left, former CFO of the Detroit Riverfront Conservancy, walks outside the U.S. District Court before his plea hearing in federal court in Detroit on Friday, Nov. 15, 2024.
The park consists of the former city-owned St. Aubin Park and Marina and an adjacent reclaimed brownfield. The park area was taken over by the Michigan Department of Natural Resources in 2004 as Tri-Centennial State Park to commemorate the founding of Fort Detroit in 1701. It was Michigan's first state park to be situated in an urban area.
A man who for years controlled the finances at a group that has turned Detroit's riverfront into a popular attraction was charged Wednesday with embezzling tens of millions of dollars. William ...