Course Description

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 fraud risk triangle elements of incentive, opportunity, and rationalization that 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.


Learning Objectives

  1. Recognize the fraud risk triangle components of incentive, opportunity, and rationalization as demonstrated in the Sandy Jenkins embezzlement case
  2. Evaluate internal control weaknesses, particularly segregation of duties violations, that enabled the systematic embezzlement of funds over a nine-year period
  3. Identify behavioral red flags and lifestyle changes that may indicate occupational fraud in professional environments


Instructors

Garth Sheriff, CPA, CA, CPA (Illinois), CIA, CGMA, MAcc, is the founder of Sheriff Consulting. Sheriff Consulting provides continuing professional experience (CPE) courses in leadership, communication, and assurance. Garth has worked as an assurance professional and learning provider for over 20 years. Garth has also acted in various stage and film productions. He is a graduate in improvisation from The Second City and a member of ACTRA (the Alliance of Canadian Cinema, Television and Radio Artists).

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.

NASBA Program Information

Course Title: Professional Ethics: The Fruitcake Fraud

Estimated Total CPE: 1.5

Field(s) of Study: Behavioral Ethics

Delivery Method: QAS Self-Study

Program Level: Basic

Prerequisites/Advanced Preparation: None

Date of Last Program Review/Update: 9/8/2025

Refund Policy/Complaint Resolution Policy: Our policies can be found in our FAQ

Registration & Attendance: To register for this course, please click the "Enroll Now" button. Full attendance and completion of all course materials are required to receive CPE credit.

Course curriculum

    1. Instructions for QAS Self Study

    2. Course Overview

    1. The Boring Accountant

      FREE PREVIEW

    1. Fruitcake Fortune Fantastic Duo

    1. That explains a lot

    1. Final Exam: The Fruitcake Fraud

About this course

  • $100.00
  • 6 lessons
  • 1.5 hours of video content

Ready to get started?

Enroll today