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Mansion Sale Amid Asset Forfeiture Battle | Detroit News
Description
Prosecutors are auctioning off a $1.5 million Novi mansion once owned by convicted thief William Smith, who stole $44 million from the Detroit Riverfront Conservancy—funding a life of luxury with jewelry, rental properties, and even a Mexico condo. While the government seeks to recover losses, Smith’s ex-wife Kimberly is fighting for her share, claiming the assets were gifts or bought with her money. The court now must decide who truly owns the proceeds from this lavish estate—and whether justice or legal loopholes win out.
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