Inverness man allegedly stole from UA Million Dollar Band, companies


HOOVER – FBI agents arrested a Hoover man on May 3 on multiple charges of wire fraud, bank fraud and aggravated identity theft.

Randall Sho Woods, 32, is charged with stealing money from two former employers and a non-profit organization that supported the University of Alabama’s Million Dollar Band, acting U.S. Attorney Robert O. Posey and FBI Special Agent in Charge Roger C. Stanton announced.

Agents arrested Woods at his Inverness home.

A federal grand jury in April returned a 24-count indictment against Woods. The indictment was unsealed upon his arrest.

Ingram’s Accounting & Financial Management Inc. previously employed Woods as a staff accountant. While working there, Woods fraudulently charged more than $30,000 on corporate credit card accounts for personal expenses, according to the indictment.

Another company, State Traditions, previously employed Woods as an account clerk. While at State Traditions, Woods engaged in numerous fraudulent activities, including stealing more than $130,000 in funds from the company’s Pay-Pal account and its corporate checks, the indictment charges.

Finally, while Woods served as treasurer of the Million Dollar Band Association, he stole more than $20,000 by writing checks payable to himself, according to the indictment.

The maximum penalty for each count of 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.

An indictment contains only charges. A defendant is presumed innocent of the charges unless and until proven guilty.