By Janet Jacobs
Corsicana Daily Sun
The Collin Street Bakery has gotten involved in the divorce of Sandy and Kay Jenkins, according to a petition filed Tuesday in the Navarro County Court at Law.
Sandy Jenkins, the former controller for the Collin Street Bakery, has been accused of stealing $16.5 million from his former employer over the course of eight years. He allegedly wrote checks to his personal creditors then fixed the bakery’s books so it looked like the company was paying its own bills with the money.
In a verbal agreement, Kay Jenkins was given permission to live in the Jenkins’ Corsicana home on Third Avenue. It will still have to be put in writing, according to Kay Jenkins’ attorney Kerri Anderson Donica.
“The bakery as interveners don’t object to her staying in the house,” Donica said. “She’ll be prevented from selling any assets. She can make expenditures for ordinary living expenses.”
The bakery has sued Sandy Jenkins and his wife in attempt to get its money back, and there are legal freezes, both civil and criminal, on the couple’s credit cards and bank accounts. The FBI has seized most of their assets, including half a dozen luxury cars, art, and even the piano.
Sandy Jenkins was arrested by the FBI on Aug. 12. Kay Jenkins filed for divorce from her husband on Aug. 14. In her divorce petition, Kay asked for their Corsicana home as well as the lion’s share of their assets. Among the arguments she posed was that Sandy had committed fraud.
Janet Jacobs may be reached via e-mail at firstname.lastname@example.org. Want to “sound off” to this article? E-mail: Soundoff@corsicanadailysun.com