Man pleads guilty to stealing millions from major Detroit nonprofit

DETROIT, Michigan: A shocking case of financial betrayal reached a turning point as William Smith, the former chief financial officer of the Detroit Riverfront Conservancy, pleaded guilty to stealing US$44 million from the organization.

The nonprofit, dedicated to revitalizing Detroit's riverfront, has been forced to delay parts of its ambitious projects due to the massive theft.

Smith, 52, appeared in D