DALLAS (AP) — The wife of a former executive with a Texas fruitcake company has joined him in pleading guilty in a nearly $17 million theft case.
Kay Jenkins of Corsicana pleaded guilty to conspiracy to commit money laundering and faces up to three years in prison.
Prosecutors in Dallas on Monday announced the plea deal for the 64-year-old wife of ex-Collins Street Bakery controller Sandy Jenkins. He was fired in 2013 when his embezzlement was uncovered.
Jenkins earned less than $50,000 annually when he stole company funds for the couple’s lavish lifestyle of private jets and expensive cars.
The 66-year-old Jenkins in 2014 pleaded guilty to mail fraud, conspiracy to commit money laundering and making a false statement to a financial institution. He faces 60 years in prison and repaying the money.