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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Airborne Hi-Def On YouTube

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

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

Airborne 08.26.16: Citation Longitude Update, Falcon 9 Display, N Shore Heli Rte

Also: Aerosim Scholarship, Santa Monica Nonsense, Marine One, UAV Developer Kit, FAA Penalty, F-35 Weapons Test, Coastal Helicopters The Cessna Citation Longitude moves closer to i>[...]

Another Tough Weekend For Airshows... Two Pilots Lost

Accidents in Oregon and China Take Lives It's been a lousy weekend to be an aviation journalist as we document the tragic loss of two well-known pilots in two separate airshows acc>[...]

Aero-News: Quote of the Day (08.28.16)

"This is the perfect natural laboratory to study aerosol-cloud interactions, which are some of the largest uncertainties in the prediction of future climate." Source: Jens Redemann>[...]

NASA Flies To Africa to Study Climate Effects Of Smoke On Clouds

Two Research Aircraft Head To Namibia Because Of Its Unique Climate NASA scientists and two research aircraft are on their way to a unique natural laboratory off the Atlantic coast>[...]

ANN's Daily Aero-Linx (08.28.16)

Aero Linx: Aviators Model Code Of Conduct Innovative tools advancing aviation safety and offering a vision of excellence for aviators, the AMCC is for use by aviation practitioners>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC