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The former chief financial officer of the Detroit Riverfront Conservancy has been charged with embezzling nearly $40 million over a 12-year period since 2012. The funds, intended to beautify the city's waterfront, were allegedly used for personal purchases from Louis Vuitton and a diamond dealer. Prosecutors described the fraud as 'simply astonishing in scale.' An investigation is underway to determine how the embezzlement went unnoticed for so long.
Ex-Detroit Riverfront Conservancy CFO charged with embezzling $40M dating back to 2012 https://t.co/RIFk02nNZj
The ex-chief financial officer of the conservancy behind the restoration of Detroit’s riverfront allegedly embezzled nearly $40 million over a 12 year period How someone managed to steal so much money without anyone knowing is being investigated https://t.co/qXonRgNOcc
The former chief financial officer for the Detroit Riverfront Conservancy has been charged with carrying out a decadelong embezzlement scheme that drained the nonprofit of about $40 million, an alleged fraud described as "simply astonishing in scale." https://t.co/ir2B1w7MdP
