Former Bakery Exec Pleads Not Guilty To Fraud
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DALLAS (AP) - The former controller of the famed Collin Street Bakery chain has pleaded not guilty to federal charges claiming he embezzled nearly $17 million from the company.
Sandy Jenkins was indicted last week on 10 counts of mail fraud.
Court documents say Jenkins managed a scheme to defraud the Corsicana-based bakery by writing almost 900 fraudulent checks from 2005 through this June. The indictment alleges he 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 Jenkins and fired him. They reported their suspicions to Corsicana police, who reported the matter to the FBI.
The Dallas Morning News reported Jenkins’ plea Thursday. He remains in federal custody.
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