(WFAA) - A former corporate accountant for Collin Street Bakery was sentenced to 10 years in prison Wednesday for embezzling $16 million from the popular Corsicana-based bakery to fund a lavish lifestyle for he and his wife.
Sandy Jenkins was taken into custody on a federal criminal complaint charging him with mail fraud in August 2013, about three weeks after the FBI initially raided the home and seized luxury cars and boxes of documents. He was sentenced 10 years in federal prison for the theft & money laundering, which occurred from 2005 to 2013.
His wife, Kay Jenkins, was sentenced to five years probation for her role in the crime. She will be forced to write a letter of apology to the bakery, as well as perform 100 hours of community service as terms of her sentence.
According to federal authorities, Sandy Jenkins caused Collin Street Bakery checks to be written to his personal creditors and then manipulated Collin Street Bakery s computerized accounting system to show that the checks had been voided.
The FBI says Jenkins bought a house in Santa Fe, N.M. They say he had 43 luxury automobiles. When he took a vacation, the feds say he flew privately more than 220 times. He also apparently had a $3 million jewelry collection.
Seized assets and cash totaling nearly $4 million will be turned over to Collin Street Bakery to be sold off.
Sandy Jenkins emotionally addressed the bakery's staff and owners in the courtroom, saying "I betrayed you. I'm terribly sorry."
His attorney, Brett Stalcup, called the case "crazy" but said his client was apologetic, and got into a situation where he couldn't stop.
More than a dozen bakery employees, along with members of the controlling McNutt family, attended the hearing.
Bob McNutt told the judge the case has been "devastating" for all involved.
Collin Street Bakery is known for its fruitcakes and cookies, which it ships around the world.
