Feds Go After At Least 14 Properties Linked to Ex-Detroit Riverfront Conservancy CFO William Smith

June 22, 2024, 1:06 PM

William A. Smith

The feds are trying to follow the recoup the money. 

Federal prosecutors have put liens on the lion's share of  former Detroit Riverfront Conservancy CFO William Smith’s real estate empire, the Detroit News reports.

Smith faces charges of embezzling roughly $40 million from the nonprofit over nearly a 12 year period, and feds appear to be doing all they can to recoup the stolen money through real estate holdings.

So far, federal authorities have filed liens on at least 14 properties in Wayne and Oakland counties worth at least $2.6 million, the News reports.

The News reports that one of the properties that has a lien on it is a Detroit industrial building near the Detroit River that Smith planned to redevelop into a luxury cigar bar named Discretion. Covid slowed down the development which has yet to come to fruition. 

To read the full story click here. 


Read more:  Detroit News

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