×

CFO, CEO Out of Detroit Riverfront Conservancy Amid FBI Investigation

Jun 3, 2024 | 12:40 PM

Photos: Andrew Mullin ~ 760 WJR

DETROIT, June 3, 2024 ~ The Detroit Riverfront Conservancy saw a chaotic weekend with its CFO fired and CEO resigning over an FBI investigation of financial mismanagement.

CFO William Smith was fired by the nonprofit’s board on Friday, along with CEO Mark Wallace announcing his resignation, after it was discovered the Conservancy had $40 million unaccounted for. The Conservancy has been responsible for the restoration of miles of Detroit‘s riverfront in recent years.

PODCAST:

June 3, 2024 ~ Guy Gordon and Jamie Edmonds talk with Crain’s Detroit Business managing editor Mike Lee about the top stories of the weekend, including the reopening of Michigan Central Station, Priority Waste buying GFL‘s operations, top execs out at the Detroit Riverfront Conservancy, and more!

760 WJR TOP NEWS STORIES:

More From WJR

Cameron Boozer Sparks Second-Half Surge as Duke Tops Michigan State
EAST LANSING ~ In a heavyweight showdown that felt like March in December, No. 4 Duke outlasted No. 7 Michigan State 66-60 at the Breslin Center. The Spartans led for much of the f...
Dec 06, 2025
GEHA Partners with Dolly Parton's Imagination Library and Wayne State to Boost Literacy in Detroit
DETROIT - A new partnership is bringing thousands of free books to Detroit's youngest readers. The Government Employees Health Association (GEHA) has teamed up with Dolly Parton's ...
Dec 05, 2025
Life Ring Connected to Edmund Fitzgerald Wreck to Be Auctioned Off in Detroit
A lucky buyer will be able to own a piece of history, with a life ring from the wreck of the Edmund Fitzgerald set for auction at Detroit's DuMouchelles. The ring was found on the ...
Dec 05, 2025
On Air Now
NFL Sunday Night Football ~ Texans at Chiefs
7:30 PM - 11:30 PM

SPOTLIGHT PODCAST

Dec. 5, 2025 ~ John Bernia, superintendent of Warren Consolidated Schools, joins Marie Osborne to talk about the new report that says Michigan school students are showing progress in math.

Dec. 5, 2025 ~ Amanda Holm, senior project manager for Henry Ford Health’s Tobacco Treatment Service, joins Marie Osborne to discuss cigarette smoking and provides tips on how to kick the habit.

Dec. 5, 2025 ~ Shawn Wilson, president and CEO of Boys & Girls Clubs of Southeastern Michigan, joins Chris Renwick and Lloyd Jackson to talk about USHER and Big Sean announcing an Entertainment Innovation Incubator coming to the new Michigan Central Boys & Girls Club. Photo: Junfu Han ~ USA TODAY NETWORK