Pump & Dump

The CFO had sole access to the password. For eleven years, that was the whole machine.

William Smith spent eleven years draining a Detroit non-profit while signing off on the books himself. On Wednesday, a federal appeals court told him the 19-year sentence stands.

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The CFO sent the report. The report was the lie.

For seven years, prosecutors say, a Danbury software company's chief financial officer moved money from the company's accounts into her own and sent her CEO a weekly report that made the numbers behave. On June 4, 2026, she pleaded guilty.

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