DETROIT, Michigan: A man accused of embezzling more than US$40 million from the Detroit Riverfront Conservancy unexpectedly postponed his guilty plea during a court hearing.
William Smith, who managed the nonprofit’s finances for several years, had been set to admit guilt to wire fraud and money laundering charges. As part of the plea agreement, a prosecutor detailed that Smith could face over 15 years in prison.
However, after a brief recess and private discussions between both legal teams, Smith’s attorney, Gerald Evelyn, requested more time, halting the proceedings. Neither side explained the sudden delay and no new court date had been set…