Friday, September 24, 2021
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Texas bakery executive admits to $16M fraud

🕐 1 min read

DALLAS (AP) — A former comptroller of Collin Street Bakery has admitted to embezzling $16 million from the renowned fruitcake chain.

Federal prosecutors in Dallas say Sandy Jenkins pleaded guilty Tuesday to mail fraud, conspiracy to commit money laundering and making a false statement to a financial institution.

The 65-year-old Jenkins was charged with stealing from the Corsicana-based bakery chain for nine years and using the money to finance a lavish lifestyle, with a vacation home, jewelry and more than 200 private airplane flights.

His wife, Kay, is also under federal indictment.

Sandy Jenkins is scheduled for sentencing in September. He faces decades in federal prison.

 

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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