Financial planner sentenced for stealing

BIRMINGHAM, Ala. (AP) - A federal judge has sentenced a
financial planner and accountant to nearly four years in prison,
after the Birmingham man admitted to stealing $871,436 from
investment accounts he managed for clients.

U.S. District Judge Scott Coogler sentenced 31-year-old Andrew
D. Petrofsky to 44 months in prison followed by three years of
supervised release.

The judge also ordered Petrofsky to pay $871,436 in restitution
to his victims.

In a plea agreement, Petrofsky acknowledged stealing $871,436
from six investment accounts he managed while working as a CPA and
financial planner with Professional Asset Strategies between
January 2006 and May 2008

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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