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Sunday, April 18, 2021

Fruitcake fraud: Controller arrested for $17M embezzlement

 

DALLAS (AP) — The former controller of a famed North Texas fruitcake bakery has been arrested and charged with embezzling almost $17 million from the bakery.

An arrest affidavit says Sandy Jenkins managed a scheme to defraud the Collin Street Bakery in Corsicana by writing almost 900 fraudulent checks from 2005 through this June. Jenkins had been empowered to prepare and print checks with the electronic signature of Robert McNutt, the bakery president.

Bakery managers detected the fraudulent activity, confronted and fired Jenkins and reported their suspicions to Corsicana police, who reported the matter to the FBI.

Federal agents arrested Jenkins, who is 64, on Monday. He appeared before a magistrate Tuesday and was ordered to remain in federal custody. Records list no attorney for Jenkins.  

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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