Tue, Jun 29, 2010
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.
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