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

Upon completing the course, the participant will be able to:

  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.

Course curriculum

    1. Instructions for Self Study

    2. Course Overview

    1. The Boring Accountant

      FREE PREVIEW

    2. Review Question 1

    1. Fruitcake Fortune Fantastic Duo

    2. Review Question 2

    1. That explains a lot

    2. Review Question 3

    3. Review Question 4

    4. Review Question 5

    1. Final Exam: The Fruitcake Fraud

About this course

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

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