Ethicast Reacts: Embezzlement at the Detroit Riverfront Conservancy

Ethicast Reacts is a special Ethicast series where host Bill Coffin talks to Ethisphere’s Chief Strategy Officer Erica Salmon Byrne, about E&C incident that have made headlines.

An embezzlement case of epic proportions shines a bright light on the importance of internal controls and speak-up culture, as federal prosecutors seek a sentence of 18 years for the former Detroit Riverfront Conservancy CFO William Smith for embezzling $44.3M from the nonprofit over 10 years.

In this episode of Ethicast Reacts, Ethisphere’s Chief Strategy Officer, Erica Salmon Byrne, offers some much-needed ethics and compliance context on what we can learn from this oversight failure, and how to prevent it at your organization.