Collin Street Bakery accountant embezzled $16.6 million - Dallas News | myFOXdfw.com

Feds: Collin Street Bakery accountant embezzled $16.6 million

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The former accountant of the Collin Street Bakery accused of embezzling millions from the company was arrested by FBI agents Monday on a federal criminal complaint of mail fraud.

Sandy Jenkins, 64, was fired by the Corsicana-based bakery on June 21 this year after his bosses discovered he was stealing funds from the company. The bakery is known around the world for its fruitcakes and baked goods.

According to the feds, Jenkins embezzled $16.65 million from the bakery and caused nearly 900 fraudulent checks.

Among the items Jenkins purchased with the embezzled funds were a home in Santa Fe, New Mexico, 43 luxury automobiles, trips on private planes and jewelry items worth approximately $3 million.

According to the feds, Jenkins had bakery checks written to his personal creditors and then manipulated the bakery's computer systems to show the checks had been voided.

Jenkins also created checks in the system that purported to go to a vendor when they were really being paid out to his personal creditors.

Jenkins faces up to 20 years in prison and a $250,000 fine if indicted by a grand jury and convicted at a trial.

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