What happened to Sandy and Kay Jenkins? Sandy Jenkins and his wife were convicted for money laundering fraud in 2015.
Sandy received a ten years federal prison term for mail fraud, money laundering conspiracy, and making a false statement to a financial institution.
Kay was given a five-year probationary sentence for conspiring to launder money.
Find out more about Sandy and Kay’s money laundering scheme and where they are now.
Who are Sandy And Kay Jenkins?
As a quiet, daydreaming accountant, Sandy Jenkins worked at Collin Street Bakery, the world’s most famous fruitcake firm. He was fed up with feeling invisible, so he began stealing—and then got a little carried away.
Sandy Jenkins was sentenced to ten years in jail for stealing from his former employer for eight years.
Kay Jenkins, his wife, was sentenced to five years probation after pleading guilty to one count of money laundering conspiracy.
Sandy was sentenced in federal court in Dallas after pleading guilty to charges related to the misappropriation of over $17 million from Collin Street Bakery, where he worked as comptroller, in 2014.
He was given a ten-year sentence for each count of money laundering conspiracy, mail fraud, and making a false statement to a financial institution.
Judge Ed Kinkeade handed down the sentences, capping a two-year investigation into Sandy Jenkins’ massive fraud.
It included funnelling bakery funds to his accounts and credit card bills to support a lavish lifestyle, including expensive jewellery, private jet trips, and a second home in New Mexico.
Sandy Jenkins organized the $16.7 million embezzlement fraud by manipulating bakery checking accounts and transactions and paying his expenditures using bakery checks for eight years.
Sandy Jenkins’ supervisor was alerted after a bakery’s financial office staff found what she thought was a questionable transaction. The potential fraud was investigated by Corsicana Police, who then turned the matter over to the FBI.
Before hauling Sandy Jenkins into jail in August 2013, federal authorities searched the Jenkins residence on West Third Avenue, seizing boxes and boxes of evidence as well as two luxury cars.
Since his arrest, Sandy Jenkins has been held in federal detention. In 2014, he pleaded guilty to the offences.
Jenkins falsified 888 checks on the bakery’s accounts over eight years before his plan was detected in the summer of 2013.
Where Is Kay Jenkins Now?
There is no current information about Kay Jenkins’s whereabouts. Her five-year probation period, however, has already ended, so she must have started over.
Kay Jenkins stated that she and her husband plotted to engage in monetary transactions with property obtained via illegal activities during that time.
Kay Jenkins agreed that the government could easily show at trial that the cash used in these monetary transactions was from her husband’s misappropriation of Bakery revenues.
In the Navarro County Court at Law, Kay Jenkins filed for divorce from Sandy Jenkins after the tragic event. They’ve been together for 41 years.