Marcus Schrenker's High Flying Fakeout

by Deidre Woollard (RSS feed)
Jan 13th 2009 at 8:03PM

The financial crisis has led to same very interesting stories that seem ready made to be a tv movie. Take for example the case of Marcus Schrenker, an Indianapolis financial manager, who appears to have tried to fake his own death by crashing his Piper PA-46 into a Florida swamp. The crash happened after investigators began looking closely at the three companies he owns, Heritage Wealth Management, Heritage Insurance Services and Icon Wealth Management for possible securities violations and claims that he may have defrauded investors. His wife, Michelle Schrenker filed for divorce at the end of last year.

Schrenker took off Sunday night in the plane flying from Anderson, Indiana to Destin, Florida. He never made it to Destin. Instead he frantically called air traffic controllers saying that the windshield had shattered that he was bleeding and in trouble. Radio contact was then lost. The plane was later found near the Blackwater River in the Florida panhandle very close a neighborhood. No blood was found on the plane. It's believed now that Schrenker parachuted out of the plane near Birmingham, Alabama. In Childersburg, Alabama which is around 35 miles away, Schrenker approached a police officer and said he'd been in a canoe accident. They took him to a hotel where he checked in under a fake name. He later fled into the woods and is being pursued by Alabama police. They now think he took off on a motorcycle which he kept in storage under a different name.

Schrenker is a trained acrobatic pilot. True Crime Report has his YouTube stunt flying video. Schrenker also tried to offer money management services to pilots at one point.

UPDATE: Schrenker may be in custody in Florida.

Tags: crime, marcus schrenker, MarcusSchrenker

Filed under: Wings, Wealth

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Reader Comments (Page 1 of 1)

Bruce Wachob Jan 14th 2009 9:09AM

How come when one person fakes his own death it gets national attention? When the government fakes the death of over one hundred people (ValuJet 592) The media doesn’t see the obvious. Just as in this single incident, there was no body so the po0lice and investigators got suspicious. When no bodies were recovered at the site of ValuJet flight 592, no one got suspicious. For more information on ValuJet, go to my site @ http://www.angelfire.com/ut/2f/.

Valerie Jan 16th 2009 5:43PM

I refreshed my mind and read up on the ValuJet crash and from what I read they explained very clearly why bodies were not recovered.

Marcia Manzello Jan 14th 2009 10:38AM

On his infamous email stating "By the time you read this I'll be gone."
I think he meant, "I WILL BE LONG GONE".
It was not as doable as he presumed.
I can't believe people actually handed their finances to be handled by someone, who clearly appears to have a very defected common-sense.

Valerie Jan 14th 2009 4:18PM

Old News.And again from D.W.,not Luxist material.

Bruce Wachob Jan 17th 2009 8:32AM

Just because you repeat a lie over and over, doesn't make it any truer than the first time it was spoken.

Spectacular Bid Jan 14th 2009 7:48PM

I find perhaps most amusing is that he was caught in very large part by way of that email sent to his friend. No he didn't tell him where he was but the ISP tag numbers on the email gave it away. The KOA facility from where he sent the note from was effectively stamped on the email and it didn't take the FBI long to find him. Not the sharpest guy if you look at the whole plan and how it played out.

The photo of him, his wife and his other trophies is something out of a bad Robb Report advertisement for a financial service you know isn't quite right. Oh wait - was that used for his firm?