Alabama Company Loses $191K After Accounting Manager's Embezzlement Scheme

An accounting manager at an Alabama-based company has been accused of misusing nearly $191,000 in company funds for personal expenses and luxury items. Andrew W. Volkoff, who managed accounting at the Bessemer firm, entered a plea agreement in federal court and faces up to 20 years in prison, a fine of up to $250,000, and three years of supervised release.

Volkoff allegedly issued himself 12 unauthorized payments from the company payroll account, totaling $27,992.15, which were labeled as expense reimbursements or commissions despite his non-commission based role. He also ran personal charges on a company American Express card between January 2023 and June 2025, including a down payment on a 2011 Mercedes-Benz.

The unauthorized activity cost the employer $190,924.57 over about two and a half years. When questioned by investigators in June 2025, Volkoff stated that money problems drove the scheme, using the firm's credit card to enrich himself unjustly.