Sandy Jenkins (right) in an undated photo. (Courtesy photo)
DALLAS (September 12, 2013)—Former Collin Street Bakery comptroller Sandy Jenkins, 64, who’s accused of stealing nearly $17 million from the landmark Corsicana business over the course of eight years, is named in a 10-count federal indictment charging mail fraud.
A federal grand jury handed up the indictment Wednesday.
Court documents say Jenkins orchestrated a scheme to defraud Collin Street Bakery by writing almost 900 fraudulent checks from 2005 through this June.
The indictment contends Jenkins spent the money on luxury vehicles, a second home in Santa Fe, N.M., some 60 watches, about 600 bottles of wine, jewelry, and other items.
Bakery managers detected the fraudulent activity, confronted and fired Jenkins and reported their suspicions to Corsicana police, who reported the matter to the FBI.
Jenkins, who was arrested in August, was the bakery’s comptroller from February 1998 through June 21, 2013, wrote 888 fraudulent checks on the company’s accounts to pay personal bills including an American Express tab totaling more than $11 million, $1.2 million in charges at Neiman Marcus, and a Citi Card tab of more than $1.9 million, an affidavit says.
The theft, which cost the bakery about $16.65 million, funded what the affidavit described as “a lavish lifestyle that included houses in Corsicana, Texas and Santa Fe, N.M.; approximately 43 luxury automobile purchases for (Jenkins), his wife and his daughter; frequent travel on private planes around the United States and abroad; and a watch-jewelry collection that, based on preliminary estimates,” has approximately $3 million in value.”
Jenkins spent about $3.2 million to book 232 private charter flights from 2005 to 2013 from North Dallas Aviation, the affidavit says, and made frequent trips not only to Santa Fe, but also to Martha’s Vineyard, Mass., Aspen, Colo., the Caribbean and Napa, Calif.
Jenkins was fired on June 21 after company officials learned of the embezzlement scheme.
Jenkins is a Dallas Baptist University graduate with a degree in business administration who went to work for the bakery in January 1998, according to a profile on Linkedin.
He graduated from Wortham High School in 1967, according to his profile on MyLife.
The 117-year-old business opened a 10,000-square-foot bakery shop in 2009 in Bellmead just off Interstate 35 in its first effort to expand beyond Corsicana.