Hoover Man Pleads Guilty to Federal Wire, Bank Fraud
TUSCALOOSA – A Hoover man pleaded guilty to fraud charges today in federal court for stealing money from two former employers and a non-profit organization that supported the University of Alabama’s Million Dollar Band, announced Acting U.S. Attorney Robert O. Posey and FBI Acting Special Agent in Charge David W. Archey.
RANDALL SHO WOODS, 33, pleaded guilty before U.S. District Court Judge L. Scott Coogler to two counts of wire fraud and one count of bank fraud. Woods sentencing is scheduled Oct. 12 in Tuscaloosa.
Ingram’s Accounting & Financial Management Inc. in Tuscaloosa previously employed Woods as a staff accountant. While working at the business, Woods fraudulently charged more than $30,000 on corporate credit card accounts for personal expenses, according to the charges and Woods’ plea. Another company, Birmingham-based State Traditions, previously employed Woods as an account clerk. While at State Traditions, Woods engaged in numerous fraudulent activities, including stealing from the company’s Pay-Pal account and forging the endorsement of one of State Traditions’ owners on multiple checks. Combined, Woods stole more than $150,000 from State Traditions, according to his plea. Finally, while Woods served as treasurer of the Million Dollar Band Association, he stole more than $28,000 by writing checks payable to himself, according to his plea.
The maximum penalty for wire fraud is 20 years in prison and a $250,000 fine. The maximum prison sentence for bank fraud is 30 years.
The FBI investigated the case, which Assistant U.S. Attorney Robin Beardsley Mark is prosecuting.