By DeJanay Booth-Singleton Click here for updates on this story DETROIT, Michigan (WWJ) — Federal prosecutors are seeking an 18-year sentence for former Detroit Riverfront Conservancy CFO William Smith for embezzling more than $40 million from the Conservancy. According to a new court filing, Smith used the money “to live a deeply immoderate lifestyle,” including purchasing real estate, clothes, jewelry, and a 35-foot boat and leasing a $200,000 Mercedes-Benz.