Ex-Officer of Detroit Nonprofit Pleads Guilty to Stealing More Than $40 Million
Posted inDecisions and Verdicts Detroit (Mich) Detroit Riverfront Conservancy Embezzlement Federal Bureau of Investigation Frauds and Swindling Money Laundering Nonprofit Organizations Smith, William A.

Ex-Officer of Detroit Nonprofit Pleads Guilty to Stealing More Than $40 Million

William A. Smith, the former chief financial officer for the Detroit Riverfront Conservancy, was accused of embezzling funds meant to support efforts to beautify the city’s waterfront.
TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case
Posted inBanking and Financial Institutions Canada Federal Reserve System Fines (Penalties) Justice Department Money Laundering Regulation and Deregulation of Industry TD Bank Group United States

TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case

The penalty was the largest ever imposed by U.S. officials on a bank for violating anti-money laundering laws, and regulators imposed a cap on TD’s ability to accept new deposits.