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CFO of Detroit riverfront revitalization project charged with embezzling $40 million

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CFO of Detroit riverfront revitalization project charged with embezzling  million

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 Smith routinely used money from the Detroit Riverfront Conservancy to pay credit card bills for travel, hotels, limousines, household goods, clothing and jewelry, according to a criminal complaint unsealed in federal court.

The fraud is “simply astonishing in scale,” said U.S. Attorney Dawn Ison, who pegged the theft at $40 million.

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Smith, who was chief financial officer from 2011 until he was fired in May, was charged with bank and wire fraud. He was led into court in handcuffs and subsequently released on bond.

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Defense attorney Gerald Evelyn did not return a phone message seeking comment.

This June 24, 2014 file photo shows walkers and joggers along the Detroit RiverWalk in Detroit. A man who for years controlled the finances at a group that has turned Detroit’s riverfront into a popular attraction was charged Wednesday, June 5, 2024, with embezzling tens of millions of dollars. William Smith routinely used money from the Detroit Riverfront Conservancy to pay credit card bills for travel, hotels, limousines, household goods, clothing and jewelry, according to a criminal complaint unsealed in federal court. Smith, who was chief financial officer from 2011 until he was fired in May, was charged with bank and wire fraud. (AP Photo/Carlos Osorio_File)

Smith has not spoken publicly since the scandal broke on May 14 when the Riverfront Conservancy said he was being placed on leave. He was fired Friday.

The mission of the Riverfront Conservancy is to transform miles of shore along the Detroit River into a place for recreation with plazas, pavilions and green space.

Philanthropists and foundations have poured millions into ongoing projects, including the Ralph C. Wilson Jr. Foundation. Wilson, who died in 2014, lived in suburban Detroit and was the owner of the NFL’s Buffalo Bills.

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The 44-member Riverfront Conservancy board of directors is stocked with major business leaders and public officials, who have been stunned by the allegations.

“We each feel a sense of responsibility to overcome this horrific act,” the board said last week.

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Illinois

I’m grateful for Illinois legalizing physician-assisted suicide | Letter

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I’m grateful for Illinois legalizing physician-assisted suicide | Letter


When I became disabled due to a traumatic injury at 17, the first thing I felt was a tremendous loss of control over my life. I’ve worked since then to regain and retain it.

It’s why I embrace the fundamental principle of the independent living movement and the disability rights and justice movement – that all of us have and deserve the right to self-determination and to make our own decisions, including decisions about the services and care we receive.

That is why I am grateful to Gov. Pritzker and the Illinois General Assembly for passing a new law that legalizes Medical Aid in Dying (SB 1950), the End of Life Options Act.

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Death elicits fear. It certainly represents the ultimate loss of control. We all hope that it will be peaceful and without great suffering.

For many of us who have experienced marginalization because of disability or age, poverty, race, and other socially imposed constructs, we fear being devalued or dismissed in decision-making in systems, including in chronic or acute health care situations. This law relates specifically to terminal illness, not chronic or acute care. And disability should not be conflated with terminal illness.

The ability to control the decision-making process in the End of Life Options Act is detailed and robust. It’s a high bar to be eligible to participate.

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It requires you to be able to be fully in control of the decision-making process and of the administration of medication, only when you have a prognosis of less than six months or less to live. It requires consultation with at least two different medical professionals. It has strong provisions that prevent anyone from assisting or exerting undue influence, including any person to whom you might have already given health care power of attorney.

Medical aid in dying is a trusted and time-tested medical practice that is part of the full spectrum of end-of-life care options, including hospice and palliative care. People move across the country to access it. Those with terminal illness who are unable to relocate because of disability or income need the equity that comes from being able to access options where we live.

As someone who has learned to never take it for granted, I want this right to self-determination to extend through the final days of my life if I should face a terminal illness.

I am grateful that Illinois has joined the many other states who support this additional end of life care option for all who are facing terminal illness.

Beth Langen,Springfield

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Indiana

Indiana Pacers have a few trade candidates

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Indiana Pacers have a few trade candidates


The Indiana Pacers are a team to watch as a seller in the upcoming trade deadline.

Before Feb. 5, the Pacers should be expected to move at least one player and possibly more. Some members of the Indiana Pacers On SI staff pondered which player would be the likeliest to be traded.

Ethan J. Skolnick

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Indiana has only two players earning more than $20 million, and one won’t be moved under any circumstances (Tyrese Haliburton) and another (Pascal Siakam) is likely staying unless Indiana is blown away. Andrew Nembhard and Aaron Nesmith seem to be parts of the future.

So the most likely candidates would seem to be Obi Tobbin (a pending free agent making $14 million) and TJ McConnell (on an extension paying him $11 million). As valuable as McConnell has been for the Pacers, he still could have value to one of this season’s contenders, so we will go with him as an option to land a future pick and younger option.

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Indiana Pacers forward Obi Toppin in the second half against the San Antonio Spurs. | Trevor Ruszkowski-Imagn Images

Jeremy Brener

The Pacers are in a unique position in their gap year with Tyrese Haliburton out with a torn Achilles. The team is absolutely plummeted to the bottom of the Eastern Conference standings, making them a seller at this year’s trade deadline. However, there’s no clear cut answer as to who they could part ways with because they are trying to contend next season.

Most of the roster is either injured or too valuable to trade at this moment in time. If there’s anyone that doesn’t fit either bill, it could be third-year forward Jarace Walker. If the team is not pleased with Walker’s progress before February, the Pacers may look to move him if there is a decent trade offer between now and then.

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Tony Mejia

Indiana’s largest financial commitments are tied to injured point guard Tyrese Haliburton and versatile forward Pascal Siakam, so I wouldn’t expect too big a splash.

If the Pacers are looking to trim salary or change things up on the heels of their first Finals appearance in a quarter-century with Haliburton sidelined, the two most likely players they can move are wing Bennedict Mathurin and backup guard T.J. McConnell.

Mathurin’s rookie deal is coming to an end, while McConnell’s savvy and playoff experience could make him attractive to contenders looking to add a proven commodity who can add a spark off the bench.

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Iowa

Arrests made in SD in Iowa courthouse incident

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Arrests made in SD in Iowa courthouse incident


SIOUX FALLS, S.D. (KELO) — Two suspects in the incident at the Lyon County, Iowa, courthouse were arrested in Spearfish, the Lyon County Sheriff’s Office said in a social media post earlier Saturday.

The sheriff’s office identified two suspects as Brandon Lyle High Pipe, 39, and Luciano Eliseo Sanchez, 18, in a social media post on Thursday. Nationwide warrants were issued for the two suspects.

The sheriff’s office said on Tuesday the courthouse had burglarized overnight. The damage inside includes writing on walls, broken glass, tipped-over Christmas trees and other items tossed around.

The incident caused the courthouse to be closed for at least one day.

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The sheriff’s office said on Saturday morning that more information should be released later.



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