Financial planner sentenced to prison - WBRC FOX6 News - Birmingham, AL

Financial planner sentenced to prison

BIRMINGHAM, AL (WBRC) - A certified public accountant was sentenced Wednesday to nearly four years in prison for stealing from his clients.

U.S. Attorney Joyce White Vance, in a statement Wednesday to FOX6 News, said Andrew D. Petrofsky, 31, of Birmingham, was sentenced to 44 months in prison and ordered to pay $871,000 in restitution to his victims.

Vance said Petrofsky pleaded guilty in December to wire fraud and forgery, admitting he stole $871,000 from six investment accounts he managed while working as a CPA and financial planner with Professional Asset Strategies between January 2006 and May 2008. Prosecutors said Petrofsky hid the thefts by falsifying the clients' account statements.

According to the statement, the thefts were discovered after Petrofsky was caught stealing $281,000 from the Roteract Club of Birmingham, for which he was treasurer.  Prosecutors said Petrofsky used some of the money he stole from the client accounts to repay what he owed to Roteract.

Petrofsky must report to prison May 17th.

Copyright 2010 WBRC. All rights reserved.

  • NewsMore>>

  • SECMD18: What's in store for Day 1

    SECMD18: What's in store for Day 1

    Monday, July 16 2018 10:01 AM EDT2018-07-16 14:01:53 GMT
    (Source: SEC on Twitter)(Source: SEC on Twitter)

    The 34th annual SEC Media Days begins Monday in Atlanta at the College Football Hall of Fame. There will be 14 SEC head coaches, as well as 42 players (three from each team) and more than 1,000 credentialed media in attendance.

    More >>

    The 34th annual SEC Media Days begins Monday in Atlanta at the College Football Hall of Fame. There will be 14 SEC head coaches, as well as 42 players (three from each team) and more than 1,000 credentialed media in attendance.

    More >>
  • Mickey: Another Heat Advisory with strong storms possible

    Mickey: Another Heat Advisory with strong storms possible

    Monday, July 16 2018 6:37 AM EDT2018-07-16 10:37:24 GMT
    (Source: WBRC weather)(Source: WBRC weather)
    (Source: WBRC weather)(Source: WBRC weather)

    We begin our Monday morning, July 16th with mostly cloudy skies and temps in the low to mid-70s. FIRST ALERT FOR POSSIBLE STRONG STORMS MONDAY/MONDAY NIGHT: We should have another period of very hot and humid weather, with a mixture of clouds and sunshine today. 

    More >>

    We begin our Monday morning, July 16th with mostly cloudy skies and temps in the low to mid-70s. FIRST ALERT FOR POSSIBLE STRONG STORMS MONDAY/MONDAY NIGHT: We should have another period of very hot and humid weather, with a mixture of clouds and sunshine today. 

    More >>
  • Breaking

    2 people shot in West Birmingham

    2 people shot in West Birmingham

    Monday, July 16 2018 5:04 AM EDT2018-07-16 09:04:17 GMT
    (Source: Greg Long/WBRC)(Source: Greg Long/WBRC)
    (Source: Greg Long/WBRC)(Source: Greg Long/WBRC)

    Police are investigating an overnight double shooting that injured two people in Birmingham's West End neighborhood.  

    More >>

    Police are investigating an overnight double shooting that injured two people in Birmingham's West End neighborhood.  

    More >>
Powered by Frankly