Freeze On Ex-Collin Street Bakery Exec’s Assets Extended

A state district judge Friday extended an order freezing the assets of a former Collin Street Bakery official who’s suspected of stealing nearly $17 million from the landmark business.

Sandy Jenkins (right) and his wife Kay in an undated photo. (Courtesy photo)

CORSICANA (July 26, 2013)—A state district judge Friday extended an temporary restraining order freezing the assets of former Collin Street Bakery comptroller Sandy Jenkins, 64, who’s suspected of stealing nearly $17 million from the landmark Corsicana business.

Jenkins was not present for the hearing Friday morning.

His whereabouts remain a mystery.

The bakery filed a lawsuit on June 28, alleging that Jenkins stole more than $16.8 million from the company and seeking to freeze Jenkins’ accounts and to halt any sale of his assets.

The suit alleges that Jenkins, who wrote all accounts payable checks and oversaw the company’s petty cash, wrote unauthorized checks to personal accounts and creditors, but listed them as payments to vendors in the bakery’s computerized accounting system.
It also alleges he made unauthorized withdrawals from petty cash.

The suit lists checks written to banks, credit card companies and businesses and says Jenkins’ assets include homes in Corsicana and Santa Fe, N.M., two Mercedes vehicles, two Lexus vehicles, a GMC Yukon Denali, jewelry watches, rings, computers, three gold Rolex watches and a platinum Rolex President watch, which retails for $55,000 or more.

The alleged scheme surfaced on June 20 when an accounting clerk told the company’s vice president of finance, Scott Hollomon, she feared for her life because of irregularities she had discovered, the lawsuit alleges.

She told Hollomon that she had found a check payable to Capital One Bank, which was charged to the account for Corsicana’s postmaster in the company's computerized accounting system, the lawsuit says.

She told Hollomon that when she asked Jenkins about the apparent discrepancy, he told her it was simply an error, but she said the explanation didn’t make sense.

She told Hollomon she searched the check register report and found sixteen cleared checks to payees not reflected in the computerized system, the lawsuit says.

In a meeting the next day with Hollonon and the bakery’s chief operating officer, Larry Jenkins, he was pressed on whether he took the money, the lawsuit says.

In response he asked what would happen if he admitted the theft and was told that the company would press charges, the suit says.

He refused to answer the question and was terminated, the suit says.

But later, in private conversation with Hollomon, whom the suit identifies as a close friend, he “stated he was ruined and would lose his wife and daughter,” Hollomon said in a sworn affidavit.

“He also said, ‘But if I did this I guess I deserve it,’” Hollomon said in the affidavit.

The company filed a complaint with Coriscana police the same day.

FBI agents spend the day Wednesday searching Jenkins’ home in Corsicana, but won’t say whether the search is related to the alleged theft.

Neighbors said agents removed a number of documents from the house and seized two luxury cars during the daylong search.

No one answered a knock at the door of Jenkins’ home Thursday and Jenkins’ whereabouts remain a mystery.

Attempts to serve Jenkins in a lawsuit filed against him by the bakery on June 28 have been unsuccessful and a district judge in Corsicana signed an order earlier this month authorizing service through his attorney’s office.

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.

(Sara Humphrey contributed to this story)


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