Schrenker's Assets Auctioned In Indianapolis | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 06.18.18

Airborne-UnManned 06.19.18

Airborne 06.20.18

AMA Drone Report 06.21.18

Airborne 06.22.18

Airborne-YouTube

Airborne 06.18.18

Airborne-UnManned 06.19.18

Airborne 06.20.18

AMA Drone Report 06.21.18

Airborne 06.22.18

Tue, Jun 29, 2010

Schrenker's Assets Auctioned In Indianapolis

Former Financier Attempted To Fake His Own Death By Intentionally Crashing An Aircraft

The assets of a former high-flying (literally) financier from Indiana who parachuted from his plane in an attempt to fake his own death were put up for auction over the weekend in Indianapolis.

Marcus Schrenker's boat, as well as the motorcycle he used after jumping from his plane, were both on the block. Schrenker was convicted of bailing out of his airplane over Alabama which eventually ran out of fuel and went down in a swamp in Florida. He had stashed a motorcycle in a shed near his intended bailout point, and eluded authorities for several days before being captured.

Schrenker's boat, reportedly worth about $68,000 according to the Associated Press, sold for $28,000. Hundreds of people turned out to see what Schrenker had owned.

Schrenker is serving 4 years in prison for intentionally crashing the airplane. He has pleaded not guilty to charges of bilking investors out of about $1.5 million. That trial is scheduled to start in the fall.

FMI: www.insd.uscourts.gov

Advertisement

More News

AMA Drone Report 06.21.18: NC Drone Summit, AMA v Raleigh Regs, Yuneec Typhoon H

Also: ERAU UAS Program, UK Drone Rescue, ANN/AMA Oshkosh Coverage, Fat Shark 101 The North Carolina Department of Transportation is planning a Drone Summit and Flight Expo for Augu>[...]

Airborne-Unmanned 06.19.18: Mexican UAV Fights Crime, Spokane Drones, Ikhana!

Also: K2 & Robotic Skies, Autonomous Aerial Vehicles Competition, K State Grad Cert, Commercial Drones at JFK A drone operated by authorities in Ensenada, Mexico, led to a sign>[...]

ANNouncement: Now Accepting Applications For Oshkosh 2018 Stringers!!!

An Amazing Experience Awaits The Chosen Few... E-I-C Note: There's very little we can say yet, but there is a reason why this may be THE year to throw in with ANN to cover the extr>[...]

It's On--Again! EAA/ANN Announce 2018 AirVenture Innovation Preview!

Stunningly Successful Innovation Program Draws Hundreds of Thousands of Eyeballs to ‘All Things AirVenture’ E-I-C Note: We're tremendously excited to work with EAA agai>[...]

Aero-News AirVenture Update: This Is So Cool! #OSH18COOL

We Need YOUR Help To Find AND Celebrate The Coolest Stuff At EAA AirVenture 2018, #OSH18COOL Stuff that’s new is cool… we get it… that’s why we’re b>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC