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Wed, Jan 14, 2009

Schrenker Charged With Two Counts Of Investment Fraud

Now Under Observation At Tallahassee Hospital

ANN REALTIME UPDATE 01.14.09 1430 EST: The odd saga of Marcus Schrenker's mysterious disappearance began Sunday night, when he allegedly told air traffic controllers the loss of his Piper Meridian's windscreen had left him covered in blood. It ended 48 hours later, when federal agents found him bleeding profusely at a Florida campground, following an apparent suicide attempt.

CNN reports officers found Schrenker (shown above) Tuesday evening at a KOA near Quincy, FL. He was covered with blood, and incoherent... but still had enough sense about him to resist initial attempts to come to his aid.

Schrenker was "verbally resistant" to authorities, and repeated a phrase with the word "die" several times, according to US Marshal Frank Chinmento. He likely would not have survived longer than an hour, had officials not found him.

Schrenker is now under observation at a Tallahassee hospital. He's been charged with two felonies in connection with alleged fraud related to his job as a financial advisor.

Authorities say Schrenker had plenty of food and water when they found him, as well as other supplies indicating he had planned to remain on the run for some time. Officials wouldn't comment about how they found Schrenker, though there are reports marshals tracked the 38-year-old fugitive to the campground through an email he sent Monday to an acquaintance in Indiana.

While there's still more speculation involved than actual fact concerning why Schrenker apparently hatched his elaborate scheme, it's not difficult to realize that the failed investment broker's world was collapsing around him. As ANN reported, Schrenker faced an Indiana state investigation into three of his financial firms, and a half-million-dollar penalty owed to an insurance firm for allegedly collecting commissions to which he wasn't entitled.

Schrenker's wife, Michelle, filed for divorce on December 30, claiming her husband had engaged in several extramarital affairs. On Monday, an Indiana judge seized the couples' financial assets.

Investigators on scene in East Milton, FL, where Schrenker's plane crashed, found numerous personal items connecting the pilot to the accident. Contrary to earlier reports, both of the plane's windscreens were intact when officials came across the wreckage of the aircraft... but the cabin door was missing, having either been jettisoned by Schrenker before he parachuted from the aircraft, or stripped from the plane by aerodynamic or impact forces.

Officials have theorized Schrenker intended for the aircraft to crash in the Gulf of Mexico, which is within sight of the accident scene... but drag from the open door resulted in a higher fuel burn rate than the pilot had planned for, resulting in the plane crashing within 100 yards of two homes.

As the plane had exhausted its fuel supply, there was no post-impact fire... leaving investigators with a wealth of evidence, so to speak.

FMI: www.usmarshals.gov/, www.iconwm.com

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