I had the same thought in reference to her fraud. Someone other than those who create checks should reconcile the bank statements to the general ledger. Ms. Jenkins was sentenced to five years of probation. In addition, I consult with other CPA firms, assisting them with auditing and accounting issues. Despite fruitcake's bad rep, I couldn't actually say why or even if I hated it. He took over $16 million, so, $11 million on a Black American Express card, 532 luxury items, including 41 bracelets, 15 pairs of cufflinks, 21 pairs of earrings, 16 furs, 61 handbags, 45 necklaces, 9 sets of pearls, 55 rings, and 98 watches (having an approximate value of $3.5 million), Wine collection (having an approximate value of $50,000), Steinway electronic piano (having a value of $58,500), 223 trips on private jets (primarily Santa Fe, New Mexico; Aspen, Colorado; and Napa, California, among other places), with a total cost that exceeded $3.3 million, 38 vehicles, including many Lexus automobiles, a Mercedes Benz, a Bentley, and a Porsche. Jenkins was promoted to the controller in 2004 when he earned approximately $50,000 per year. Collin Street Bakery Coupon Codes. I am a practicing CPA and Certified Fraud Examiner. The film is titled Fruitcake. The FBI article (https://www.fbi.gov/contact-us/field-offices/dallas/news/press-releases/former-collin-street-bakery-executive-and-wife-sentenced) says Mr. Jenkins become the controller in 1998. Reviews (8) Filter reviews . The fraud resulted in losses to the bakery of about $16,649,786 (“Former Executive at Collin Street Bakery,” 2014). Now, it appears there will be a new movie about another: Sandy Jenkins. Get FBI email alerts You'll receive my free 10-day course with examples of frauds and how to prevent them in your organization. I think of Rita Crundell who stole $53 million from a small city; she did so over a 20 year period. The scandal was featured on season 11 of CNBC’s “American Greed.” In the end, ... Photo credit (Collin Bakery): Collin Street Bakery Facebook Photo credit (Collin fruitcake): Collin Street Bakery Facebook. Called Fruitcake, it's based on the true story of Sandy and Kay Jenkins, who embezzled more than $17 million from world-famous fruitcake company Collin Street Bakery in Corsicana. Family Owned & Operated . Our family owned and operated bakery has been making world-famous baked goods since 1896. Sandy Jenkins was sentenced by U.S. District Judge Ed Kinkeade to serve a total of 120 months in federal prison. The login page will open in a new tab. The Theft Sandy Jenkins, the controller of Collin Street Bakery in Corsicana, Texas, made off with more than just fruitcakes. A movie about the scandal starring Will Ferrell and Laura Dern is in production. Read my full bio…. Categories Log in Join for free. Jenkins, the 65-year-old corporate controller for Collin Street Bakery in Corsicana, was arrested in August last year, and charged with ten counts of mail fraud… When people know their actions (in this case, the creation of checks) will be examined, they act differently–they are much less likely to steal. In 1998, Collin Street Bakery hired a bookkeeper, Sandy Jenkins. 9 Collin Street Bakery coupons now on RetailMeNot. Fall River (Images of America (Arcadia Publishing)) by Rob Lewis | 1 Jul 2003. We are so glad you enjoyed your visit. About us Founded in 1896, our family-owned bakery offers a delicious array of quality baked goods. FREE Delivery by Amazon. Someone other than those who create checks should reconcile the bank statements to the general ledger. OFF. We've Been Featured In. The reviewer should examine the cleared checks and provide documentation of his or her examination to the accounting department. Get Your Copy of The Why and How of Auditing – Click the Book. Submit a Coupon. Through the efforts of law enforcement in this case, the government recovered approximately $4,000,000 in property and cash that will be turned over to the Bakery as partial restitution for the losses suffered in this case. Since its a brief article, it does not say how large a bakery it was or how long the fraud went undetected, but one basic question seems to hit me as follows: Where was the CFO or the Owners and how come they did not sense anything amiss? Big-screen fame was headed Collin Street’s way as well, with the filming of a movie about the embezzlement scandal that rocked the bakery, but shooting has been postponed due to the pandemic. This cake is more nuts than fruit it is expensive to make. Call ahead for to-go or curbside pick-up. No one was comparing the cleared check payees to the general ledger. 10%. FBI.gov is an official site of the U.S. government, U.S. Department of Justice, emailStay Connected Other options New and used from £13.96. 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