Corsicana Daily Sun, Corsicana, Texas

September 12, 2013

Jenkins indicted

Grand jury hands down 10 counts mail fraud

By Janet Jacobs
CNHI

Dallas — Sandy Jenkins, the former controller of the Collins Street Bakery, was indicted Wednesday by a federal grand jury on 10 counts of mail fraud.

He could be sentenced to up to 200 years in prison, and fined up to $2.5 million, if found guilty.

The maximum penalty for each count of mail fraud is 20 years in federal prison, and a $250,000 fine, according to a spokeswoman for the U.S. Attorney’s office.

Jenkins is accused of scheming to defraud his former employers out of $16. 6 million.

Because of the size of the alleged crime, Corsicana police turned the case over to the Federal Bureau of Investigations, which is why it’s not being heard in state court. Jenkins was indicted in U.S. District Court, Northern District of Texas in Dallas.

Like indictments in state court, a federal grand jury doesn’t declare innocence or guilt. Their job is to determine if there’s enough evidence to take the case to trial. The grand jury believes it should go to trial.

In addition to the indictment, the U.S. Attorney General’s office also filed a forfeiture notice. If Jenkins is found guilty, he has to give up his allegedly ill-gotten gains.

The list reads like a billionaire’s shopping excursion: Hundreds of bottles of wine, a piano worth as much as a luxury car, furs, designer jewelry, watches, purses, and, of course, two houses and four cars.

The government is also demanding “the total proceeds derived from the offense (commonly referred to as a money judgment) totalling at least $16,649,786.91,” the forfeiture notice states.

Among the items listed are the two homes, the one in Corsicana worth $188,040, and the one in Santa Fe, N.M., worth $784,380; a 2010 Mercedes Benz, a 2005 Lexus, a 2013 GMC Denali, and a 2013 BMW X53; approximately 60 watches with name brands like Rolex, Ebel, Elgin, David Yurman, Breitling, Cartier, Patek Philippe, a Locman “Latin Lover,” and a Gents platinum “Limited Edition for deBoulle” Souverain.

The feds are also seeking “approximately 50 necklaces, from vendors including David Yurman Pearl and Van Cleef and Arpels “Alhambra,” about 35 bracelets, 57 rings, four jewelry sets, 26 earrings, and other “assorted jewelry, including pendants, cuff links, money clips and pens.”

They’re demanding 596 bottles of wine, 14 furs, including nine coats, two hats, one scarf and two blankets and 11 paintings.

A Steinway piano, Model B-Festival ES, with Opus 7 Piano Disc, which is worth about $60,000 to $80,000, was hauled away by the FBI on Aug. 12, and that’s on the forfeiture list, too.

Also listed are “93 designer handbags, wallets, luggage and briefcases,” with names like Louis Vuitton, Judith Leiber, Bottega Veneta, Hermes, Chanel, Marc Jacobs, Carolina Herera, Gucci, Weitzman and Christian Dior; and a Compaq Presario laptop and an iPad.

Among the guns the government is interested in taking are Jenkins’ Iver Johnson pistol, a couple of Smith and Wesson pistols, a Magnum Research Micro Desert Eagle pistol and a Glock GMBH Model 26 semi-automatic pistol.

The Jenkinses also had a NaimUniti 192 music player with Wilson Duette speakers. The speakers alone cost about $20,000, according to audiophile websites.

A recently released FBI affidavit stated that Sandy Jenkins made $55,000 a year, but was spending $250,000 a month maintaining his lifestyle.