William Smith, the former CFO of the Detroit Riverfront Conservancy, who pleaded guilty in a $40 million embezzlement case, was sentenced Thursday to 19 years in federal prison. Smith, 52, is also responsible for $48 million in restitution and will be on supervised release for three years once he serves out his sentence.

In addition to serving 19 years, the judge ordered Smith to pay $48.1 million in restitution - giving $43.1 million to the Conservancy.