Marcus Schrenker

  • 26 Mar 2010 at 12:15 PM

Marcus Schrenker Speaks (From Prison)

Speaking of flying, the money manager/swindler discusses the time he faked his own death, and the events leading up to it (apparently he got home for dinner and his wife had only set out four plates and that’s when he knew “it was all over” because “the fifth plate was always mine”).

  • 22 Jan 2009 at 4:33 PM

Not Guilty!

mmpsmall.pngDB CooperMarcus Schrenker was arraigned today and quickly pleaded “not guilty” to the charges of intentionally destroying an aircraft and faking a distress call. His public defender (wow that sucks), obviously reacting to the “not guilty” plea, has indicated that he has “reasonable cause” to believe Schrenker is suffering from a mental condition. (We are guessing acute Gottagetawayfromthiscastratingbitchwiththecashitis, but the situation is fluid).
Pilot pleads not guilty in plane crash death hoax [CNN]

scmist.pngThe Post gives us this tantalizing hint on the possible status of Marcus Mistress Kelly Baker describing the days and moments before his last fateful flight:

Days before he tried to fake his death in a bizarre plane crash, accused swindler Marcus Schrenker pulled another brazen stunt – whisking his mistress away for a New Year’s Eve tryst in Florida as authorities raided his wife’s Indiana home.
The rogue investment manager, 38, flew girlfriend Kelly Baker, 31, to Key West….
She and Schrenker flew back home New Year’s Day and are seen in the videotape lounging at a table in the airport lobby.
“She was sick – probably from the night before,” said a source who saw the couple’s return.
[...]
Video footage shows [Schrenker] calmly loading and checking his plane, and doing doughnuts on the snowy airfield in a pickup truck before takeoff.

On The Wings Of Lust [New York Post]

  • 15 Jan 2009 at 12:20 PM

The Fate Of Marcus Hangs In The Balance

mmpsmall.pngHe was going to have to face extradition once he healed up, but now it looks like he’ll face federal charges first. The federal charges are a bit of a bore, including intentional communication of a false distress message and willfully damaging, destroying or wrecking an aircraft (this is all you guys could come up with? Where’s the gratuitous terrorism charge? That’s a piece of cake to manage with any crime that includes an airplane!) but they are likely to stick. Hard. After that? The good graces of Indiana’s fraud cases await him.
As blind as justice is supposed to be, no one is going to be very amused and Schrenker is unlikely to catch a break. Anywhere.
Contrary to prior reports, apparently his suicide attempt was pretty credible. CNN reports that he was “bleeding so profusely when he was found that he likely would not have survived another hour without medical help.”
Timing is everything, Marcus.
Captured pilot awaits doctors’ orders [CNN]

  • 14 Jan 2009 at 4:30 PM

Another Schrenker Victim

Heritage Wealth Management, LLC, a San Diego firm apparently having nothing to do with everyone’s favorite DB Cooper wannabe is enduring quite a branding thanks to an unfortunate coincidence, namely, the similarity in name to Schrenker’s “Heritage Wealth Management, Inc.
A notice on the San Diego firm’s website informs us:

Please be assured that our company, Heritage Wealth Management, LLC, has no connections or affiliations with Marcus Schrenker, the Indianapolis-based company or its associates.
Heritage Wealth Management, LLC is an independently-owned firm and Registered Investment Adviser registered with the Securities & Exchange Commission (SEC). We are required by law to disclose any and all material affiliations; either with persons or with entities which can be verified here.

Earlier: Today’s Ponzi Trifecta Begins?

Read more »

  • 14 Jan 2009 at 10:56 AM

It’s Just Not Fair

I mean the story had everything. General aviation. Infidelity. Financial fraud. (Allegedly). Interstate flight. Suicide. (Attempted). (Allegedly). Divorce. More financial fraud. (Allegedly). The FBI. Southern law enforcement. The U.S. Marshals Service. Camping. Insurance fraud. (Allegedly). Shameless self promotion. Photographs representing the absolute pinnacle of douchebaggery. MILFs. (Your mileage may vary). Equities in Dallas. (Indianapolis). Civil suits. Bankruptcy. Bankruptcy fraud. (Allegedly). And what’s more? It was so sordid, in fact, that our friends over at Clusterstock didn’t even write about it once! But we know what you love. Don’t we?
This story was made for Dealbreaker. Accordingly, I would like to take a moment to say: fuck you. Fuck you Marcus for blowing it so quickly. We even gave you a guide to sustain you in your time of trouble, for crying out loud.
*Sigh*
Ok, ok. Story so far:
In 1990 Schrenker does 16 days on a stolen property theft charge, apparently gets probation and has the record expunged. (Well, sort of expunged anyhow).
In 1991 Schrenker faces a forced Chapter 7 liquidation petition, claims it was filed fraudulently and blames his fraternity brothers for taking cards out in his name.
In 2001 he was terminated from Multi Financial Securities (churning was the allegation).
In 2003 he faces IRS allegations that he failed to report income and purchased “$29,000 in audio/visual equipment and orders $16,000 worth of landscaping services, provided to his home” that he seemed to be claiming as business expenses.
In 2003 he again faces a Chapter 7 liquidation action, again claiming the action was fraudulently filed. (Forged signature). Sounds familiar.

Read more »

  • 13 Jan 2009 at 11:53 PM

Dealbreaker Afterdark: The Flight Finally Looks Over

The Indiana pilot who faked a distress call and bailed out of a plane over Alabama, slashed his wrist before being taken into custody at a campground outside of Chattahoochee, Fla.
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Marcus Schrenker, 38, was discovered in a tent around 8:30 p.m. EST at the campground, said Dominic Guadagnoli, a spokesman for the U.S. Marshal’s Office.
Schrenker “lost a great deal of blood from a deep cut to one of his wrists,” said a news release from the U.S. Marshal’s service.

Missing pilot captured [PNJ.com]
Those of you who voted 6-12 hours… win!