A Small Town Texas Fraud

Abstract

In 2014 a former corporate controller was convicted of stealing over $16 million from a small town,
family owned, Texas bakery which conducted most of its business online. His wife was also convicted, having knowingly participated in spending the money to support the couples' extremely lavish lifestyle. This trusted employee, after almost seven years employment, started stealing. The fraud continued undetected and unsuspected for eight and one half years. This paper looks at how it was carried out, the lifestyle it allowed, how it was eventually discovered, and finally why it should have been easily detected soon after it started.