Former worker at Collin Street Bakery accused of embezzlement - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

CORSICANA

Former employee at Collin Street Bakery accused of embezzling $16 million

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CORSICANA -

A former corporate controller for Collin Street Bakery was arrested for embezzling more than $16 million from the company using mail fraud.

64-year-old Sandy Jenkins of Corsicana was arrested by FBI special agents Monday afternoon on a federal criminal complaint charging mail fraud.

Jenkins appeared in front of a magistrate judge and waived preliminary and detention hearings. He was taken into custody pending the outcome of his case.

According to the affidavit filed with the complaint, Jenkins was the corporate controller for the Collin Street Bakery in Corsicana. He began working there in February 1998 and was terminated on June 21, 2013 after CSB found out about his alleged fraud.

Jenkins is accused of writing CSB checks to his personal creditors and then manipulating CSB's accounting system to show that the checks have been voided. Jenkins covered this up and used the money to buy a house in Sante Fe,  43 luxury cars, travel on private planes and $3 million worth of jewelry.

According to the government's investigation, Jenkins wrote 888 fraudulent checks and embezzled approximately $16.65 million from the bakery.

The investigation is being conducted by the FBI. Assistant U.S. Attorney J. Nicholas Bunch is in charge of the prosecution and Assistant U.S. Attorney Melissa Childs is handling the forfeiture.

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