Former Detroit Riverfront Conservancy CFO faces new federal charges

DETROIT – William Smith, the former Detroit Riverfront Conservancy CFO, is now facing federal charges concerning embezzlement.

He was arraigned in court Thursday (Sept. 26) afternoon.

Smith had nothing to say as the feds filed a new case against him, charging him with wire fraud and money laundering.

If convicted, each charge carries a sentence of up to 20 years in prison and hundreds of thousands of dollars in fines.

It’s believed that over an 11-year period, Smith was able to get away with about 40 million dollars, pocketing money earmarked for the nonprofit via donations and grants from the government.

Investigators say that money instead went towards Smith’s luxurious way of life—including jewelry, high-end clothing, and even trips covering airfare and hotel stays.

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Documents show Smith Allegedly also used non-profit funds to pay off credit cards for himself and other family members between 2012 and 2024.

In the courtroom, Smith’s Lawyer, Gerald Evelyn, talked while Smith sat silently.

Since Smith is already out on bond, that will remain the case until further notice.

Smith is due back in court on Oct. 21. He may have the opportunity to change his plea or even reach a plea deal.