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 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 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

Toledo Police Helicopter May Be Grounded

Department Seeks Grants To Help Keep Aircraft Flying The police department in Toledo, OH may be forced to ground its helicopter unless it is able to identify a grant for the $300,0>[...]

Bill Gordon Lost In Hudson River P-47 Ditching

Despite What Appeared To Be A Decent Ditching Effort, An Outstanding Pilot Was Lost The airshow community has suffered its second tragedy in nearly as many weeks as long-time warbi>[...]

Aero-News: Quote Of The Day (05.29.16)

"Putting the world's largest satellite constellation into orbit is an enormous task and Arianespace is ideally suited to launch the initial constellation, allowing OneWeb to start >[...]

ANN FAQ: How To Get YOUR News Out On Aero-News

Good News, Bad News... It's ALL News As the preeminent online aviation news resource out there, the editorial staff at Aero-News sees a large number of news releases. We look at al>[...]

Dubai-Based Business Jet Operator Enhances In-Flight Wi-Fi Services

Empire Aviation Group Selects Honeywell Technologies For Its Entire Fleet Honeywell has signed an agreement with Empire Aviation Group to provide its full suite of GoDirect connect>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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