White-Collar Crime
Former executive takes plea in $16.6M fruitcake bakery embezzlement case
A former executive at a small town Texas bakery known for the big business it did in high-end mail-order fruitcakes has agreed to take a plea in a $16.6 million embezzlement case.
Sandy Jenkins, who was until 2013 the controller at Collin Street Bakery, pleaded guilty Wednesday in federal court in Dallas to mail fraud, conspiracy to commit money laundering and making a false statement to a financial institution, reports Courthouse News.
The charges carry maximum prison terms of 20, 10 and 30 years, respectively, and fines ranging from $250,000 to $1.5 million.
See also:
ABAJournal.com: “$50K-a-year bakery worker and wife lived lavishly while laundering $16.6M, feds say”
