Fruitcake Exec Punished for Wild Embezzlement

Sandy Jenkins defrauded bakery to fund seriously lavish lifestyle
By Arden Dier,  Newser Staff
Posted Sep 17, 2015 9:18 AM CDT
Fruitcake Exec Punished for Wild Embezzlement
Sandy Jenkins' remaining property, worth $4 million, has been seized.   (Shutterstock)

A former comptroller at Collin Street Bakery in Corsicana, Texas—famous for its fruitcakes—will have to go without as he spends the next 10 years behind bars. Prosecutors say Sandy Jenkins, 66, ran "a massive scheme to defraud" the bakery and forged 888 checks from December 2004 until he was eventually fired in June 2013. "During that time, he embezzled more than $16 million from the bakery, and he and his wife, Kay Jenkins, used that money to bankroll a lavish lifestyle," prosecutors say. Care to get a taste? It involved 223 trips on private jets to places like Aspen and Napa; a second home in New Mexico; a new car whenever they needed an oil change; $11 million charged on a single Black American Express card; and $1.2 million spent at a Neiman Marcus in Dallas, where Sandy and Kay were known as "Fruitcake" and "Cupcake," respectively, per the Courthouse News Service and Corsicana Daily Sun.

They stopped shopping at the store only when it "ran out of things to sell" them, prosecutors say. Jenkins earlier pleaded guilty to mail fraud, conspiracy to commit money laundering, and making a false statement to a financial institution. His wife, who also pleaded guilty to the money laundering charge, was sentenced to five years of probation and 100 hours of community service, and must pen an apology to the bakery. The couple must also pay $12.7 million in restitution after $4 million in cash and property was recovered, including a $150,000 car, 41 bracelets, 15 pairs of cufflinks, 21 pairs of earrings, 16 furs, 61 handbags, 45 necklaces, nine sets of pearls, 55 rings, 98 watches, a $50,000 wine collection, and a $58,000 Steinway electronic piano, report the CNS and CBS Dallas. Evidence suggests the Jenkins spent $98,000 per month, though their legitimate income was $50,000 per year. (Cops say this man killed to cover up his embezzlement.)

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