Former Homewood finance director pleads guilty to embezzlement charges

Former Homewood Finance Director, David A. Smith, has pleaded guilty to embezzling funds from the city of Homewood, Alabama. The charges against Smith include embezzlement and theft of city funds. According to court documents, Smith misused city funds for personal gain, including using city credit cards for personal expenses and taking cash from the city’s general fund. The investigation revealed that Smith had been embezzling funds since 2019, totaling over $100,000. Smith’s guilty plea comes after a lengthy investigation by the FBI and the Homewood Police Department. The city of Homewood has been working to recover the stolen funds and has implemented new financial controls to prevent similar incidents in the future. Smith faces up to 10 years in prison and a fine of up to $250,000. The case serves as a reminder of the importance of robust financial controls and transparency in public institutions.

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