The Daily Southerner, Tarboro, NC

Community News Network

July 25, 2013

$17 million stolen from famous fruitcake bakery, suit claims

CORSICANA, Texas — The former comptroller at a Texas bakery known worldwide for its deluxe fruitcake -- ordered by celebrities and royalty alike -- is accused of stealing nearly $17 million from the bakery's accounts.

The FBI on Wednesday searched the home of Sandy Jenkins, who managed the finances of Collin Street Bakery until three weeks ago. Federal agents would not confirm the reason for the search, but a civil lawsuit filed July 3 accuses Jenkins of using bakery funds to pay his personal bills.

The suit claims that Jenkins used company checks to pay credit card companies, car dealerships, and even local charities more than $16.8 million since 2005. An account clerk discovered the alleged theft in June and alerted the bakery's chief financial officer, Scott Holloman.

"Hollomon asked Jenkins why he had done what he had done and expressed his sense of personal betrayal," the suit states. "Jenkins stated he was ruined and would lose his wife and daughter. He continued by saying 'But if I did this I guess I deserve it.'"

Bob McNutt, president of Collin Street Bakery, confirmed Wednesday that Jenkins was no longer with the company, but would not elaborate.

"There is an ongoing investigation, and I'm really not in a position to comment on their investigation," McNutt said. "Certainly, we are fully cooperative with any and everything that relates to the investigation."

At Jenkins' home Wednesday, a half-dozen federal agents loaded a van with boxes of items seized from the house. Two vehicles, a Mercedes and a Lexus, were towed from the property.

Collin Street Bakery was founded in 1896 and is famous for its fruitcakes, which it ships to all 50 states and 195 countries around the globe. The bakery famously turned away an order from Ayatollah Ruhollah Khomeini after the 1979 Iranian hostage crisis.

Famous clients have included Wheel of Fortune's Vanna White, former Major League Baseball pitcher and Texas Rangers owner Nolan Ryan, and Princess Caroline of Monaco. The bakery's two locations in Corsicana, Texas, are major local employers and tourist attractions.

Details for this story were provided by the Corsicana Daily Sun in Corsicana, Texas.

1
Text Only
Community News Network
  • Smartphone kill switches are coming

    Smartphones need kill switches. It's a relatively easy solution to the pricey (and irritating) problem of smartphone theft. But who would have thought that the big carriers would team up with Apple, Google, Microsoft, Nokia, Samsung and lots of other manufacturers to voluntarily begin adding the technology by July 2015? The cooperative spirit! It makes so much sense!

    April 18, 2014

  • Why do wolves howl?

    Of all the myths that dog the wolf, none is more widely accepted than the idea that wolves howl at the moon. Images of wolves with their heads upturned, singing at the night sky, are as unquestioned as a goldfish's three-second memory or a dog's color-blindness (both also myths).

    April 18, 2014

  • Biggest student loan profits come from grad students

    This week, the Congressional Budget Office projected that the federal government would earn roughly $127 billion from student lending during the next 10 years.

    April 18, 2014

  • quake.jpg Pennsylvania won’t take action following Ohio ruling on quakes, fracking

    Pennsylvania officials plan no action despite new Ohio rules on drilling that affect a seismically active area near the state line.

    April 18, 2014 1 Photo

  • VIDEO: Boston bomb scare defendant appears in court

    The man accused of carrying a backpack containing a rice cooker near the Boston Marathon finish line on the anniversary of the bombings was arraigned Wednesday. He's being held on $100,000 bail.

    April 17, 2014

  • Consumer spending on health care jumps as Affordable Care Act takes hold

    Nancy Beigel has known since September that she would need hernia surgery. She couldn't afford it on her $11,000 yearly income until she became eligible for Medicaid in January through President Barack Obama's signature health care law.

    April 17, 2014

  • The case for separate beds

    The other night I slept on a twin bed in the guest room of the house I share with my husband and our two kids.
    It was the best night's sleep I've had in years.

    April 17, 2014

  • Raw oysters spike U.S. rise in bacterial infections, CDC reports

    Raw oysters, so good with hot sauce, increasingly can carry something even more unsettling to the stomach: A bacteria linked to vomiting, diarrhea and pain.

    April 17, 2014

  • To sleep well, you may need to adjust what you eat and when

    Sleep.  Oh, to sleep.  A good night's sleep is often a struggle for more than half of American adults.  And for occasional insomnia, there are good reasons to avoid using medications, whether over-the-counter or prescription.

    April 16, 2014

  • Doctors to rate cost effectiveness of expensive cancer drugs

    The world's largest organization of cancer doctors plans to rate the cost effectiveness of expensive oncology drugs, and will urge physicians to use the ratings to discuss the costs with their patients.

    April 16, 2014

AP Video
Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Deadly Avalanche Sweeps Slopes of Mount Everest
Facebook
Twitter Updates
Must Read