Follow-up: Wife of ex-Collin Street Bakery exec pleads guilty to her role in swindling $16 million
More than a year after Kay Jenkins was indicted for her role in stealing $16 million from the Collin Street Bakery in Corsicana, the 64-year-old has agreed to plead guilty to a single count of money laundering. Where once she was looking at decades behind bars, it’s likely she’ll now spent no more than three years in a federal prison, according to the U.S. Attorney’s Office.
Thirteen months ago, Kay’s husband Sandy — the bakery’s longtime corporate controller — pleaded guilty to several counts of wrongdoing, including money laundering and mail fraud. Sandy, a Dallas Baptist University graduate, remains in federal custody while awaiting sentencing in Dallas on June 24.
According to the feds and court documents filed last week, Sandy worked for the bakery from 1998 until he was fired in 2013, after the owners figured out he’d been baking the books. And during that time he never made more than $50,000 in annual salary.
Yet, somehow, the couple lived an extraordinary lavish lifestyle that included everything from a vacation home in Santa Fe to a car and jewelry collection worth millions. And, somehow, they managed to book more than 200 trips on private planes to Aspen and Santa Fe and Napa Valley. They also put $11 million worth of charges on a collection of American Express card, another $2 million on CitiBank cards, and another $1.2 million on a Neiman Marcus charge card.
Read more: http://crimeblog.dallasnews.com/2015/06/wife-of-ex-collin-street-bakery-exec-pleads-guilty-to-her-role-in-swindling-16-million.html/
Related threads:
Follow-up: Ex-Collin Street Bakery controller pleads guilty to embezzling $16M from historic bakery
http://www.democraticunderground.com/107818183
FBI Searches Home Of Former Collin Street Bakery Official in Corsicana; $17 million allegedly stolen
http://www.democraticunderground.com/107810697
Former Executive for Fruitcake Bakery Indicted
http://www.democraticunderground.com/107812011
Follow-up story: A tale of trust betrayed at landmark Corsicana Bakery ($17M Embezzlement Case)
http://www.democraticunderground.com/107816085
