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FBI: Ex-Detroit Riverfront CFO tried to sell secret yacht, Mexico condo. Judge freezes assets

Posted on AllSides June 24th, 2024
From The Left

A judge has frozen up to $39 million dollars in assets potentially held by the Detroit Riverfront Conservancy's ex-chief finance officer as newly unsealed court filings bring to light the extent of his lavish spending with allegedly stolen nonprofit funds, including on a condo in Mexico, a yacht, and multiple properties in Georgia, Texas and Michigan. The restraining order issued by Judge Linda V. Parker Monday came after federal authorities alleged in court filings that William Smith had begun attempting to sell properties since coming under investigation for alleged embezzlement...

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