Texas Bakery Worker Accused of Cooking Books

Suspect Sandy Jenkins faces charges he embezzled up to $16 million.
3:00 | 03/14/14

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Transcript for Texas Bakery Worker Accused of Cooking Books
Now we move to the employee at a famous Texas bakery whipping up more Han pastries. The worker and his wife accused of cooking the books and stealing millions and Ryan Owens has the story. Reporter: He's the former head honcho of accounting at this well-known Texas bakery. Accused of taking a huge and illegal piece of the pie. A federal grand jury indicating sandy Jenkins on charges he embezzled over eight years more than $16 million. Prosecutors say Jenkins supplemented his $50,000 a year salary by stealing bakery funds using that extra dough to live a life of luxury with his wife Kay, who is also charged in this indictment. Trips on private jets, a $700,000 vacation home, a Mercedes, even a multimillion dollar watch and jewelry collection. Sandy's sweet deal ended when the FBI came knocking last year seizing an assortment of riches including a Louis Vuitton luggage set, a vast collection of art and wine, even a bar of gold. His attorney tells us he plans on pleading guilty to all the charges in the indictment. He's accepted responsibility for everything that he's done and he feels terrible. Reporter: He also claims the fraud was a half baked attempt to please his now estranged wife. I think my client was doing a lot to try to make his wife happy. Reporter: Kay Jenkins was not implicated until now. Her lawyer did not return our request for comment. For "Good morning America," Ryan Owens, ABC news, Austin, Texas.

This transcript has been automatically generated and may not be 100% accurate.

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