Corsicana Daily Sun, Corsicana, Texas

Latest News

August 31, 2013

Jenkins Case: FBI details spending habits of the former bakery controller

Corsicana — Sandy Jenkins was making $55,000 a year as controller at the Collin Street Bakery but was spending $250,000 a month, according to the FBI affidavit written by Special Agent Christine L. Edson and filed in federal court on Aug. 19.

Jenkins has been accused of stealing $16.5 million from his former employer over the course of eight years. He allegedly wrote company checks to his personal creditors then fixed the bakery’s books so it looked like the checks went to pay company bills.

The Federal Bureau of Investigation has stepped in to intervene in the divorce between Sandy and Kay Jenkins, arguing that any assets the couple owns should be forfeited. On Tuesday, Kay Jenkins was granted permission to remain in their Corsicana home for now. She has no cars or access to the couple’s shared credit cards or bank accounts.

The FBI is asking the court for the Jenkins’ two houses, the one on Third Avenue and the one in Santa Fe, N.M., arguing that stolen money was used to either buy or fix up the houses.

The affidavit gives greater detail into the spending habits of the couple leading up to Sandy Jenkins’ arrest on Aug. 12.

Previous FBI paperwork has revealed that the two bought luxury cars, BMWs and Lexuses, on a regular basis, took private jets to fly to their second home and on trips to the Caribbean and Europe. They owned numerous Rolex watches.

But this latest affidavit was done by an FBI financial crimes analyst who used bank records, receipts and other documents found during the searches of Jenkins’ former office and his two homes to try to piece together what the Jenkinses were doing.

Among the items purchased was a necklace that went to Kay’s waist from Van Cleef and Arpels, called the “Magic Alhambra” necklace, priced at $141,000. The couple was also friends with Karen and Dennis Boulle, owners of deBoulle Diamond and Jewelry in Dallas, and where the Jenkinses had spent at least $166,000, according to the affidavit.

In statements to the FBI, Bob McNutt and John Crawford both said they wondered how the couple could afford the new cars, a large collection of fine art and first-class travel which they enjoyed openly.

“McNutt stated that Jenkins would constantly drive new cars to work, which he thought was unusual,” the affidavit states. “McNutt explained that he heard that Jenkins’ wife, Kay Jenkins, had received a substantial inheritance and that Jenkins may also have received an inheritance.”

In his statement to the FBI, John Crawford said he was “intrigued” with the Jenkins’ lifestyle.

For example, Crawford noticed that Jenkins rotated the artwork in his office, because he had so many pieces of art. Crawford noticed that Jenkins used expensive pens at work rather than the typical office supplies at CSB, the affidavit stated.

He told the FBI that Kay and Sandy had taken a trip to Switzerland, specifically to visit a fine watchmaker, the affidavit stated.

The Jenkinses spent money lavishly on their homes. The Third Avenue home in Corsicana is 3,400 square feet, built in 1920 and fixed up quite a bit since Jenkins bought it in 1988. It’s on the 2013 Navarro Central Appraisal District’s records valued at $188,040.

The FBI affidavit goes into detail about new window treatments, flooring, roofing, even plumbing improvements in the last few years totaling $48,787. It’s not clear if that includes the kitchen remodel done about five years ago with all high-end materials and Viking appliances.

Their Santa Fe, N.M. home is on that county’s assessor’s office rolls as worth $784,380. Receipts show they made $40,109 in improvements on that house and paid $90,000 in mortgage payments, allegedly with the bakery’s bank account, according to the FBI affidavit.

The affidavit also states that the bakery’s books were not audited, and the invoice process wasn’t audited during the eight years that Jenkins worked in the accounting office.

The forensics accountant came up with this list of Jenkins’ creditors and the amounts paid to them, all allegedly paid for with bakery money:

• American Express, $11 million

• Citi Card, $1.2 million;

• Neiman Marcus, $1.1 million;

• Bank of America, $555,915;

• Capital One, $337,957;

• BAC Home Loan Servicing, $125,854;

• Lexus Financial Services, $101,303;

• Sewell (Lexus), $98,662.

In all, the FBI believes Sandy Jenkins took $16,649,786 through 888 checks written between 2005 through June 21, 2013. The high point, in terms of most checks written, was in 2006 and 2007, when he allegedly wrote 139 and 140 fraudulent checks, respectively. Most years, he wrote fewer than 100 checks per year.

The checks were sent to his creditors using the overnight express mail, and the bakery paid those bills, too. The average for overnighting the checks was about $300 a month.

Among the things left in his office at the bakery was a receipt from “Abbott’s Jewellery” in Antigua from Feb. 1 of this year for two Rolex watches, paid for with his American Express card for $20,295.

About two weeks after Jenkins was fired from his job, he allegedly went to Austin to visit his daughter and took a bag of jewelry and watches and left her apartment. That same day, an off-duty police officer found a gold bar, two gold coins and 16 watches worth more than $250,000 along a hike and bike trail. The rest of the jewelry, which the FBI estimates could be worth as much as $3 million, hasn’t been found.


Janet Jacobs may be reached via e-mail at Want to “sound off” to this article? E-mail:


Text Only
Latest News
  • 4-24-14 Peaches.jpg Peach crops largely unhurt by late freeze

    COLLEGE STATION – There were varied reports of damage to wheat, forages and fruit and nut crops from the hard freeze on April 15 from Texas A&M AgriLife Extension Service personnel throughout the Central, Rolling Plains, South Plains and Panhandle regions.

    April 23, 2014 1 Photo

  • 4-23-14 DerrickDays.jpg Derrick Days: Downtown Chowdown

    Derrick Days is ready to go, with events escalating everyday until the big Saturday celebration, with dozens of activities that day alone.

    April 22, 2014 1 Photo

  • 4-23-14 TownHall.jpg Navarro College Town Hall shares updates

    Reaching out to the community, inviting the civic groups to the campus, and doing a better job of sharing the story of Navarro College were some of the ideas brought up at a college Town Hall event held Monday.

    April 22, 2014 1 Photo

  • CISD board hears facilities study results

    The long-awaited CISD facilities report from the Texas Association of School Boards was delivered, at least in a short form, Monday at the Corsicana board of trustees meeting.

    April 22, 2014

  • Train accident victim identified

    A 61-year-old Corsicana man was taken to Parkland Hospital Monday night after he was struck by a train as he tried to cross a railroad track on foot.

    April 22, 2014

  • Report: West plant explosion preventable

    The fertilizer plant explosion that killed 15 people last year in a tiny Texas town could have been prevented, even if it's still not clear what started an initial fire that triggered the blast, federal officials said Tuesday.

    April 22, 2014

  • Local Beat for 4/23/14

    A listing of meetings and events of interest from throughout Navarro County

    April 22, 2014

  • DPS urges online driver's license renewal

    Renewing a Texas driver's license doesn't necessarily mean waiting in long lines or prepping your best photo ID look for the camera. The Department of Public Safety on Tuesday urged residents to renew online and beat the typical summer rush at driver's license offices.

    April 22, 2014

  • Agency report on West blast to be released

    It has been a year since a fire caused a huge explosion at a Texas fertilizer plant that killed 15 people, yet companies in the state can still store hazardous chemicals in flammable wooden containers in buildings without sprinklers and volunteer firefighters like those who rushed into that plant still aren't required to train how to fight such fires.

    April 22, 2014

  • 4-22-14 Aldis.jpg ALDI gets set for May 1 opening

    The much anticipated opening of a new ALDI Grocery store in Corsicana is just two weeks away.

    April 22, 2014 1 Photo

AP Video
Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' Obama to Oso: We'll Be Here As Long As It Takes Bon Jovi Helps Open Low-income Housing in Philly Pipeline Opponents Protest on National Mall Hagel Gets Preview of New High-tech Projects S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter SCOTUS Hears Tv-over-Internet Case Chief Mate: Crew Told to Escape After Passengers Iowa College Finds Beauty in Bulldogs
Twitter Updates