The former controller of a giant Corsicana fruitcake producer has been indicted on 10 counts of mail fraud, accused of embezzling $16 million from the Collin Street Bakery, U.S. Attorney Sarah Saldaña said in a news release Thursday.The indictment of Sandy Jenkins asserts that the money was spent on an aggressively conspicuous shopping spree: 43 luxury cars, including a Mercedes-Benz, a Lexus, a GMC Denali SUV and a BMW X53, and a $3 million jewelry collection, including 60 high-end watches like Cartier, Patek Philippe and a platinum limited-edition Souverain.Then there were 596 bottles of wine, a Steinway piano, a vacation home in Santa Fe, N.M., a gold bar, $6.6 million in cash, nine fur coats, Louis Vuitton and Hermes bags and luggage, 26 boxes of crystal and silver, gold coins, a $20,000 Naim stereo set and six pistols.Jenkins remains in custody on a related federal charge, the news release said. The indictment alleges that he channeled money into personal accounts after recording payments for fake orders. An affidavit filed earlier by FBI agent Christine Edson exposed lax procedures at Collin Street, saying that no audit had taken place during Jenkins’ eight years of employment. Bakery President Robert McNutt, whose family owns the company, told Edson that the fraudulent checks carried his electronic signature and that he never reviewed them after they were printed.Jenkins is scheduled to be arraigned Thursday, when a trial date may be set. If convicted, he faces a maximum of 20 years in federal prison and a $250,000 fine per count.
Barry Shlachter, 817-390-7718 Twitter: @bshlachter