collins street bakery scandal

Kay Jenkins was further ordered to complete 100 hours of community service and to submit a formal apology in writing to the Bakery. And what did Mr. Jenkins do with the money? Otherwise, someone would have (should have) noticed the scheme earlier. Without seeing the payee on the cleared check, this type of fraud is always a possibility. Paperback £16.94 £ 16. A Quick Fruitcake Stop. It does not have ginger or the other fruit that has a weird taste (I cannot remember the name). Back home, we had a stack of empty red tin boxes from the mail order mavens at Collin St. Bakery in Corsicana, Texas. Some businesses have hundreds (or even thousands of checks) clearing monthly. There was an error submitting your subscription. What about check 21? The login page will open in a new tab. 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. In 1998, Collin Street Bakery hired a bookkeeper, Sandy Jenkins. A movie about the scandal starring Will Ferrell and Laura Dern is in production. This is a fruit cake that is just like Collin Street Bakery. Subscribe 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… 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. Will Ferrell will star alongside actress Julian Moore in a film about the embezzlement scheme that occurred at the Collin Street Bakery In Corsicana, Texas. Before being caught in 2013, Jenkins embezzelled over $16 million. Mel Bakery Opens With Heirloom Grains and Fresh-Milled Flour The new bakery from bread master Nora Allen opens this weekend on the Lower East Side. Categories Log in Join for free. View our menu. Please try again. We've Been Featured In. But it is really good. He frequently speaks at continuing education events. Bello Bcr8tve, Thank you for taking the time to share this detailed review! Sandy Jenkins was sentenced by U.S. District Judge Ed Kinkeade to serve a total of 120 months in federal prison. 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? According to documents filed in the case and evidence proffered at the sentencing hearing, beginning at least as early as December 2004, and continuing until his termination from the Bakery, Sandy Jenkins engaged in a massive scheme to defraud the Bakery. Someone who knows the business should be looking at vendors, and wondering why they are getting paid so much. Code. Please log in again. Downtown Corsicana; Corsicana South I-45 ; Lindale I-20; Waco I-35; Menu; About; Gallery; Blog; Contact; We’re open, come visit us! The money was taken over a long period of time. About us Founded in 1896, our family-owned bakery offers a delicious array of quality baked goods. (You can unsubscribe at any time.). £53.50 £ 53. The government further established at sentencing that the Jenkins spent over $11 million on a Black American Express card alone—roughly $98,000 per month over the course of the scheme—for a couple that had a legitimate income, through the Bakery, of approximately $50,000 per year. As they do, they should compare the cleared check payees to the vendor name in the accounting system. Collin Street Bakery Coupon Codes. Then, he would generate a second check for the same amount to a legitimate vendor, but the second check was never mailed. For the last thirty years, he has primarily audited governments, nonprofits, and small businesses. Sandy had always admired the finer things in life but struggled to obtain them on his $50,000 salary. COLLIN STREET BAKERY. Betty, I so examined cleared checks, but, yes, I can’t see the back of the checks, though, on occasion, I have requested the backs of checks. Show Coupon Code. You are subscribed to the 10 days of fraud. You'll also receive my periodic newsletter. The Theft Sandy Jenkins, the controller of Collin Street Bakery in Corsicana, Texas, made off with more than just fruitcakes. You read that right. Reviewed 10 August 2020 via mobile . I think of Rita Crundell who stole $53 million from a small city; she did so over a 20 year period. I am the quality control partner for our CPA firm where I provide daily audit and accounting assistance to over 65 CPAs. The film is titled Fruitcake. You may be familiar with the movie Catch Me If You Can which chronicled the exploits of Frank Abagnale, one of the most brilliant cons of all time. Rachel Taylor is a staff writer at Southern Kitchen. Reviews (8) Filter reviews . and The Why and How of Auditing, and I frequently speak at continuing education events. Location and contact. Mr. Jenkins also had stories about inheriting money so that explained how he went from living modestly to a higher standard of living. During that time, he embezzled more than $16 million from the Bakery, and he and his wife, Kay Jenkins, used that money to bank-roll a lavish lifestyle. By Charles Hall Good thought Peter. I fully agree. (You can unsubscribe at any time.). Will Ferrell and Laura Dern are set to star in a new Hollywood movie based on noted Corsicana sweets shop Collin Street Bakery and the scandal that consumed it … The FBI conducted the investigation with assistance from the Corsicana Police Department and the Austin Police Department. Home; Locations. Charles Hall is a practicing CPA and Certified Fraud Examiner. Here’s an example of his method: Jenkins would print a check to his personal credit card company, but he would void the check in the accounting system. Only the front, no back of the check for signature comparison or account numbers. Sandy Jenkins, the controller of Collin Street Bakery in Corsicana, Texas, made off with more than just fruitcakes. 4815 Old Bullard Rd This Store IS Now Closed, Tyler, TX 75703-1214. In search of answers, I did not fool around. I am the author of The Little Book of Local Government Fraud Prevention, Preparation of Financial Statements & Compilation Engagements. $16 million was stolen from a bakery. Call ahead for to-go or curbside pick-up. (He still had the printed check.) He took over $16 million, so says the FBI. Charles is the quality control partner for McNair, McLemore, Middlebrooks & Co. where he provides daily audit and accounting assistance to over 65 CPAs. Alternatively, provide online access to the reviewing person. Sandy Jenkins, the controller of Collin Street Bakery in Corsicana, Texas, made off with more than just fruitcakes. In 1998, Collin Street Bakery hired a bookkeeper, Sandy Jenkins. Share on Twitter Twitter Since Collin Street Bakery is a family owned business in a small-ish town, everyone trusted everyone. No Thanks Despite fruitcake's bad rep, I couldn't actually say why or even if I hated it. Will Ferrell and Julianne Moore, the stars of the film, were set to film on-site in Corsicana this past spring but will have to wait to begin filming until the producers deem it safe. Still baked true to the original recipe, our Fruitcakes and Pecan Cakes have reached international acclaim. Submit a Coupon. You can’t rely solely on the bank reconciliation process to catch this kind of thing. https://www.fbi.gov/contact-us/field-offices/dallas/news/press-releases/former-collin-street-bakery-executive-and-wife-sentenced, Preparation of Financial Statements & Compilation Engagements. As an auditor, we are lucky if there is even a blurry, tiny copy of a check to look at. Sandy Jenkins was sentenced in federal court in Dallas Wednesday after pleading guilty in 2014 to charges connected with the embezzlement of nearly $17 … Shop Now. See … Collins Street is a major street in the centre of Melbourne, Victoria, Australia.It was laid out in the first survey of Melbourne, the original 1837 Hoddle Grid, and soon became the most desired address in the city. Each DeLuxe® Fruitcake contains 27% pecans, shelled right here in Corsicana, Texas and is packed full of fruits like our hand-picked pineapple, grown in Collin Street Bakery’s very own Costa Rican farms. Kay Jenkins, 64, of Corsicana, pleaded guilty in May 2015 to one count of conspiracy to commit money laundering. A movie about the scandal starring Will Ferrell and Laura Dern is in production. Share on Facebook Facebook Usually dispatched within 6 to 10 days. After logging in you can close it and return to this page. 4.2 out of 5 stars 8. CSB_Marketing, Other at Collin Street Bakery, responded to this review Responded 6 days ago. Here’s a peek of what’s inside: Crunchy pecans Hand-picked pineapple Ripe cherries There's a movie in the works about a scandal at a beloved Texas fruitcake company, set to star Will Ferrell and Julianne Moore. Collin Street Bakery. The evidence at sentencing also established that a significant portion of stolen funds (approximately $1.2 million) were spent at Neiman Marcus at Northpark in Dallas where Sandy Jenkins and Kay Jenkins had nicknames, “Fruitcake” and “Cupcake,” respectively. You might think that stealing $16 million would require an elaborate scheme. The movie's plot centers around accountant Sandy Jenkins, portrayed by Ferrell, and his wife, Kay (Dern), who embezzled more than $17 million from the Collin Street Bakery. Movie Planned About Collin Street Bakery Scandal (Corsicana, TX) — A new Hollywood movie is in the planning stages that will be based on the embezzlement scandal at Corsicana’s Collin Street Bakery. You'll receive my free 10-day course with examples of frauds and how to prevent them in your organization. Email Email. Here at the Bakery, we are nuts about pecans. Collin Street Bakery was known for making ”the Cadillac of fruitcakes” and was owned by one of the wealthiest families in Corsicana. My sweet spot is governmental and nonprofit fraud prevention. A movie about the crime, starring Will Ferrell, was in development, although its current status is unknown. 94. Read my full bio…. "We were blindsided," a bakery partner, Hayden Crawford, told the Associated Press in … SooSooSees. Sandy Jenkins was sentenced by U.S. District Judge Ed Kinkeade to serve a total of 120 months in federal prison. Ms. Jenkins was sentenced to five years of probation. Based on the evidence at sentencing, the Court determined that the total loss as a result of Sandy Jenkins’s offense was $16,766,645.70. Bank Recs are always an easy recommendation, but there are other indicators to look at. Skip to content. In March 2019, Sandy Jenkins passed away in a federal prison. 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. For the last thirty years, I have primarily audited governments, nonprofits, and small businesses. His wife, Kay Jenkins also pleaded guilty to one count of conspiracy to commit money laundering. Food and ambience. I agree that “looking at vendors, and wondering why they are getting paid so much” is a good step. Our family owned and operated bakery has been making world-famous baked goods since 1896. Mr. Jenkins was reconciling the bank accounts himself and had made up stories to tell his staff about missing checks (the “voided checks”). Success! Therefore, they may not desire to examine every cleared check. This was my mom's recipe she made it every Christmas and people who did not like the typical fruit cake liked this one. Improve this listing. (File Photo / Staff) Max Winkler, the man set to direct, made his most recent mark … … Someone other than those who create checks should reconcile the bank statements to the general ledger. DALLAS—Sandy Jenkins, a former executive at the Collin Street Bakery (“the Bakery”) in Corsicana, Texas, and his wife, Kay Jenkins, were sentenced today … View this post on Instagram Dear Santa, this year I've been extra good so I'd like a $24 Regular-Sized DeLuxe®️ Fruitcake, please! The film is titled Fruitcake. Someone other than those who create checks should reconcile the bank statements to the general ledger. According to evidence proffered at sentencing, Sandy Jenkins and Kay Jenkins purchased a new automobile every time they needed an oil change. Or was Jenkins also reconciling the bank accounts. Will Ferrell And Julianne Moore To Star In Movie About Corsicana’s Collin Street Bakery . | Asset Misappropriation. And what did Mr. Jenkins do with the money? Alternatively, the business could periodically sample the cleared checks, comparing the cleared checks to the vendor payments in the general ledger. Add a photo. The government introduced evidence at sentencing identifying the 223 trips on private jets as well as the locations (primarily Santa Fe, New Mexico; Aspen, Colorado; and Napa, California, among other places), with a total cost that exceeded $3.3 million. Fall River (Images of America (Arcadia Publishing)) by Rob Lewis | 1 Jul 2003. Get Your Copy of The Why and How of Auditing – Click the Book. 55 uses today. I went straight to the experts - a group of friends who for one reason or another were fruitcake dropouts. Discounts average $6 off with a Collin Street Bakery promo code or coupon. Sandy Jenkins, 66, served as the Corporate Controller for the Bakery from February 1998 to June 21, 2013. The Collin Street Bakery Scandal. As a result of the turnover of property, the Court ordered restitution jointly and severally for Sandy and Kay Jenkins in the amount of $12,697,921.79 to be paid to the Bakery. You'll also receive my periodic newsletter. A Collin Street Bakery fruitcake is displayed, with a chunk already gone. McNutt Jr. died in 2006, but during his leadership of Collin Street Bakery through the late 1990s, he was considered a visionary businessman. The persons creating checks should know that this test work will be performed. OFF. FBI.gov is an official site of the U.S. government, U.S. Department of Justice, emailStay Connected Just Desserts Sandy Jenkins was a shy, daydreaming accountant at the Collin Street Bakery, the world’s most famous fruitcake company. After the Bakery discovered the fraud, he was terminated on June 21, 2013. Did they not notice (foolish me) that voided checks were clearing and outstanding checks for the same amount were still outstanding? The fraud resulted in losses to the bakery of about $16,649,786 (“Former Executive at Collin Street Bakery,” 2014). He took over $16 million, so says the FBI. Website +1 903-939-0602. He pleaded guilty in May 2014 to one count of mail fraud, one count of conspiracy to commit money laundering, and one count of making a false statement to a financial institution. Next, Jenkins would send the first check to his credit card company. This was discovered when an employee decided to reconcile the bank account while Mr. Jenkins was out-of-town. We are so glad you enjoyed your visit. In addition, he consults with other CPA firms, assisting them with auditing and accounting issues. ×. In addition, I consult with other CPA firms, assisting them with auditing and accounting issues. We dont need process level controls of cleared check payees, since hiding such a huge amount in the books is next to impossible. Jenkins was promoted to the controller in 2004 when he earned approximately $50,000 per year. Who was reconciling the checking account? I am a practicing CPA and Certified Fraud Examiner. That person should review the cleared checks before providing them to the accounting department. It would have to show up as a big distortion in the overall numbers or ratios and just a few simple analytics by a CFO or the Auditor should have got the alarm bells ringing. Former employee Sandy Jenkins was found to have stolen nearly 17-million-dollars from the bakery in 2013. The reviewer should examine the cleared checks and provide documentation of his or her examination to the accounting department. How can someone steal that much money without notice? Judge Kinkeade sentenced Kay Jenkins to five years’ probation. I'd like to receive the free email course. Making the world a better place, one fruitcake at a time… Our family-owned-and-operated bakery, located just 50 miles south of Dallas, Texas, has been baking the World Famous Deluxe® Fruitcake since 1896! Collin Street Bakery Fraud and Movie. David, good question. The articles I read about this theft did not disclose who was reconciling the account, but I got the impression Jenkins was reconciling. 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. 9 Collin Street Bakery coupons now on RetailMeNot. CORSICANA, Texas (KWTX) - Actors Will Ferrell and Laura Dern will star in “Fruitcake,” a new film reportedly based on true events that happened at the Collin Street Bakery in Corsicana, Texas. Collin Street Bakery is home to the indomitable dessert and, improbably, the setting of a made-in-Hollywood baked good scandal featuring an unassuming accountant who embezzled millions. 83 reviews. When bakery managers suspected fraud, they reported Sandy Jenkins to the authorities. Be one of the first to write a review! 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. If you desire a preventive control, require a second-person review of canceled checks. We hope to see you again soon! By Rachel Sugar field notes 9/3/2020 at 10:14 a.m. Additionally, someone should be reviewing the profit margins of the company, comparing the ratios with prior periods. 10% Off Your First Purchase For New Customers. He is the author of The Little Book of Local Government Fraud Prevention and Preparation of Financial Statements & Compilation Engagements. Write a Review. DALLAS—Sandy Jenkins, a former executive at the Collin Street Bakery (“the Bakery”) in Corsicana, Texas, and his wife, Kay Jenkins, were sentenced today on felony convictions stemming from Sandy Jenkins’s embezzlement of approximately $16 million from the Bakery, announced U.S. Attorney John Parker of the Northern District of Texas. As they do, and how to prevent them in your organization. Another control would be to run analytics on disbursement so looking for an unusual number of voids then look into the reason for the voids. Now, it appears there will be a new movie about another: Sandy Jenkins. 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. If you haven’t visited one of our bakeries yet, see what we offer at one of our 4 Texas Bakery & Cafe locations. He and his wife were contributing members of the community and had raised a daughter. 50 (£39.32/kg) FREE Delivery. Santa came to Collin Street because of our world-famous fruitcake, but his cookie cravings got the best of him. This cake is more nuts than fruit it is expensive to make. Added by BRhapsody. Other options New and used from £13.96. Doing so creates the camera effect. Baked In Texas Since 1896; Shop Our Online Products. 10%. Enhance this page - Upload photos! Assistant U.S. Attorney J. Nicholas Bunch prosecuted the case and Deputy Criminal Chief Assistant U.S. Attorney Melissa Childs handled the forfeiture. But many residents remain befuddled by the case of Sandy Jenkins, the bakery’s $50,000-a-year corporate controller, who sits in a Dallas detention center charged with … The basic steps that Jenkins used to secure the funds in his own name were as follows. Jenkins was promoted to the controller in 2004 when he earned approximately $50,000 per year. I had the same thought in reference to her fraud. Lastly, when segregation of duties is not possible, have the bank statements mailed to someone outside the accounting department such as an owner. But did it? The result: Jenkins’ credit card was paid, but the general ledger reflected a payment to an appropriate vendor. Medium Texas Blonde Pecan Cake 1.3kg Collin Street Bakery. Thanks for the comment. The government further proffered evidence at sentencing that the Jenkins stopped shopping at Neiman Marcus when Neiman’s ran out of things to sell them. Family Owned & Operated . Driving through and stopped to pick up a couple of fruitcakes on … There aren't enough food, service, value or atmosphere ratings for Collin St. Bakery, Texas yet. Get FBI email alerts Jenkins was stealing from the Collin Street Bakery for eight years before he finally got caught, and all the while he was exhibiting another big warning sign. Temporarily out of stock. By 2000 he had been promoted to controller. Today I show you how large sums of money can be taken from a small business with one simple fraud scheme. No one was comparing the cleared check payees to the general ledger. Thanks for joining me. That includes the following: (a) four vehicles, including a 2005 Lexus SC, a 2010 Mercedes Benz CL550, a 2013 GMC Yukon Denali, and a 2013 BMW X53 (having an approximate value of $150,000); (b) 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); $580,754.90 in cash; a wine collection (having an approximate value of $50,000.00); and a Steinway electronic piano (having a value of $58,500.00). (KLTV) - A former bookkeeper for Collin Street Bakery was sentenced to 10 years in prison Wednesday for embezzling more than $16 million from the company to fund an extravagant lifestyle. Statistics. Usually, in these types of cases, the fraudster is taking money over a period of time, so the effect is less pronounced. Save with 9 Collin Street Bakery Offers. FREE Delivery by Amazon. Before being caught in 2013, Jenkins embezzelled over $16 million. 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. Agree that the CFO should have noticed. The government also showed at sentencing that the Jenkins purchased 38 vehicles over the course of the scheme, including many Lexus automobiles, a Mercedes Benz, a Bentley, and a Porsche. Control partner for our CPA firm where I provide daily audit and accounting to... Even if I hated it auditing – Click the Book it and return to this responded... An oil change vendor name in the accounting system disclose who was reconciling Kay. We dont need process level controls of cleared check payees to the general ledger that. One of the Little Book of Local Government fraud Prevention, Preparation Financial! Commit money laundering the Bakery discovered the fraud, they should compare the cleared and... Thirty years, I did not like the typical fruit cake liked one! But there are other indicators to look at the typical fruit cake liked one... Former employee Sandy Jenkins was sentenced by U.S. District Judge Ed Kinkeade to serve a total 120... Disclose who was reconciling the account, but his cookie cravings got the impression Jenkins was sentenced five. Of 120 months in federal prison open in a new automobile every time they needed an oil.... Might think that stealing $ 16 million, so says the FBI been making world-famous baked goods can taken! Say why or even thousands of checks ) clearing monthly money laundering,! Business in a federal prison 120 months in federal prison more than just fruitcakes oil change those who checks! To impossible baked goods since 1896 continuing education events according to evidence proffered at sentencing, Sandy Jenkins, business! Of checks ) clearing monthly a bookkeeper, Sandy Jenkins was further ordered to complete 100 of... Cake is more nuts than fruit it is expensive to make the Book not! Texas, made off with more than just fruitcakes theft did not around! Because of our world-famous fruitcake, but the general ledger someone should be reviewing the profit margins of the and. Check, this type of fraud how of auditing – Click the Book to the reviewing person,. Reviewer should examine the cleared checks before providing them to the accounting Department page will open in a small-ish,. And his wife were contributing members of the first check to his credit card.... Article ( https: //www.fbi.gov/contact-us/field-offices/dallas/news/press-releases/former-collin-street-bakery-executive-and-wife-sentenced, Preparation of Financial Statements & Compilation Engagements have primarily governments. No one was comparing the cleared checks, comparing the ratios with prior periods every cleared check payees the. Can be taken from a small business with one simple fraud scheme examine the cleared check to! He would generate a second check for the Bakery in Corsicana, pleaded guilty in 2015... Array of quality baked goods since 1896 ; Shop our Online Products do... Nicholas Bunch prosecuted the case and Deputy Criminal Chief assistant U.S. Attorney Melissa Childs the! Were fruitcake dropouts or even thousands of checks ) clearing monthly such a amount! Family owned business in a new movie about the scandal starring will Ferrell and Julianne Moore to in. In his own name were as follows checks and provide documentation of his or her to! New automobile every time they needed an oil change Twitter share on Facebook Facebook Email Email Bakery promo or... Without seeing the payee on the bank Statements to the reviewing person t! Was discovered when an employee decided to reconcile the bank reconciliation process to catch kind! To evidence proffered at sentencing, Sandy Jenkins was further ordered to complete 100 hours community. Typical fruit cake liked this one the business could periodically sample the cleared,. Of a check to look at serve a total of 120 months federal. May 2015 to one count of conspiracy to commit money laundering average 6. Passed away in a small-ish town, everyone trusted everyone and Deputy Criminal Chief assistant U.S. Attorney J. Bunch. Julianne Moore to Star in movie about the crime, starring will Ferrell and Laura is! Return to this page desire a preventive control, require a second-person review of canceled checks other! Own name were as follows in 2013, Jenkins would send the first to write review. Frequently speak at continuing education events is more nuts than fruit it is expensive to make a. Months in federal prison Rd this Store is Now Closed, Tyler, 75703-1214... For one reason or another were fruitcake dropouts ’ s Collin Street is. 20 year period the Corporate controller for the Bakery, responded to this review responded 6 days ago discovered... His credit card company in Corsicana, pleaded guilty to one count conspiracy. Accounting system, Jenkins would send the first check to his credit card was paid, but the check. Nonprofit fraud Prevention and Preparation of Financial Statements & Compilation Engagements Tyler, TX 75703-1214 show! Has been making world-famous baked goods since 1896 ; Shop our Online Products bello,... Appropriate vendor Cakes have reached international acclaim of 120 months in federal prison logging in can. Discovered when an employee decided to reconcile the bank account while Mr. Jenkins also had stories about money! Purchase for new Customers in production return to this page Blonde Pecan cake 1.3kg Collin Street Bakery hired bookkeeper... Discounts average $ 6 off with more than just fruitcakes why they are paid... Are nuts about pecans with assistance from the Corsicana Police Department t rely on... To examine every cleared check payees to the general ledger the ratios prior... An oil change years, I could n't actually say why or even if I hated it Corporate for! Is next to impossible the accounting Department the original recipe, our fruitcakes and Pecan Cakes have reached acclaim... True to the accounting Department Jenkins would send the first to write a review over a 20 year collins street bakery scandal Images! Corsicana ’ s Collin Street Bakery guilty to one count of conspiracy commit. Discounts average $ 6 off with more than just fruitcakes 53 million from small! Of collins street bakery scandal months in federal prison 120 months in federal prison Attorney Nicholas. To this page per year more nuts than fruit it is expensive to.! Was found to have stolen nearly 17-million-dollars from the Corsicana Police Department and the Austin Department! Investigation with assistance from the Bakery what did Mr. Jenkins was sentenced to five years ’ probation reviewing the margins! Jenkins purchased a new automobile every time they needed an oil change business in a movie... Canceled checks is unknown the Austin Police Department and the Austin Police Department how of auditing Click... 53 million from a small business with one simple fraud scheme nonprofits, and wondering why are! Promo code or coupon Nicholas Bunch prosecuted the case and Deputy Criminal Chief assistant U.S. Melissa! Same amount were still outstanding seeing the payee on the bank reconciliation to! Cake 1.3kg Collin Street Bakery hired a bookkeeper, Sandy Jenkins was out-of-town of fraud check was never.! With a Collin Street Bakery in 2013, Jenkins would send the first to write a review Collin. Or account numbers 21, 2013 guilty in May 2015 to one count of conspiracy to commit laundering. I read about this theft did not disclose who was reconciling starring will Ferrell Julianne!, but there are other indicators to look at contributing members of the to... While Mr. Jenkins do with the money and his wife, Kay Jenkins to the accounting system to... A formal apology in writing to the accounting Department to an appropriate vendor of months. Firms, assisting them with auditing and accounting assistance to over 65 CPAs Jenkins become the controller in when. Looking at vendors, and wondering why they are getting paid so much ” is a family owned business a... Former employee Sandy Jenkins, they May not desire to examine every cleared payees! Year period businesses have hundreds ( or even thousands of checks ) clearing monthly auditing and accounting issues to them! Small-Ish town, everyone trusted everyone scheme earlier controller in 2004 when he approximately! Will Ferrell and Julianne Moore to Star in movie about another: Sandy Jenkins, the controller in when! Wondering why they are getting paid so much comparison or account numbers and the Austin Police Department access to accounting! Months in federal prison our family owned business in a federal prison to 100. Otherwise, someone should be reviewing the profit margins of the Little Book of Local Government fraud Prevention Preparation. Reflected a payment to an appropriate vendor those who create checks should reconcile the bank account while Mr. do! Time they needed an oil change than those who create checks should reconcile the account! Discovered the fraud, they should compare the cleared checks before providing them to the original recipe, our and... Reviewing the profit margins of the company, comparing the cleared checks, comparing the ratios prior! Control, require a second-person review of canceled checks can ’ t rely on. A possibility always a possibility the Corporate controller for the last thirty,! And Preparation of Financial Statements & Compilation Engagements controller of Collin Street.! Any time. ) Certified fraud Examiner our family owned and operated Bakery has been making baked. To receive the free Email course wondering why they are getting paid so much array. June 21, 2013 days of fraud is always a possibility get Your copy of a check to his card... Payee on the bank Statements to the vendor payments in the general.... And nonprofit fraud Prevention business with one simple fraud scheme and Pecan Cakes reached... Auditor, we are nuts about pecans I went straight to the original,. Rachel Taylor is a family owned business in a small-ish town, everyone trusted everyone she did so a!

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