Uncover how an unassuming accountant orchestrated a near-$17 million fraud, shattering trust and raising critical questions about ethics and oversight in the corporate world.
This course examines one of the most unusual occupational fraud cases in recent history—the embezzlement of nearly $17 million from Collin Street Bakery in Corsicana, Texas, by corporate controller Sandy Jenkins and his wife, Kay.
Through detailed analysis of this compelling case study spanning from 2004 to 2013, accounting professionals will explore the elements of the fraud risk triangle: incentive, opportunity, and rationalization. These factors enabled Jenkins to systematically steal from a century-old fruitcake company to fund an extravagant lifestyle, including 38 vehicles, 223 private jet trips, and luxury shopping sprees.
Students will learn to identify behavioral red flags, understand internal control weaknesses—including segregation-of-duties violations—and apply fraud prevention strategies to protect their organizations from similar occupational fraud schemes.
Through this captivating story, you will not only gain a profound understanding of the mechanics of fraud but also appreciate the human element behind ethical breaches. "Professional Ethics: The Fruitcake Fraud" is a must-attend for anyone looking to strengthen their ethical compass and fortify organizations against similar vulnerabilities.
Founder of Sheriff Consulting
I am the founder of Sheriff Consulting which specializes in the development and delivery of accounting, auditing and foundational skill courses and workshops. Teaching and working with professionals in diverse and dynamic learning environments has been my passion and experience for over 10 years. As a qualified Canadian Chartered Professional Accountant (CPA, CA) and U.S. Certified Public Accountant (CPA), I work with finance and accounting professionals in both the U.S. and Canada to meet their training and development needs. My goal has always been to create an engaging and interactive learning environment. To help my own path of continual improvement in achieving this goal, I have also received training and worked as a professional actor. I am a member of ACTRA (the Alliance of Canadian Cinema, Television and Radio Artists) and a graduate in improvisation from the Second City Training Centre. http://sheriffconsulting.com/
Co-host of The Fraud Complex Podcast
Josh Sager is a co-host of The Fraud Complex podcast, bringing engaging storytelling and analysis to complex fraud cases. His background in performance and communication helps make intricate financial crimes accessible and memorable for professional audiences.
