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 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **

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

Annual Oshkosh 2014 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]

Airborne 08.29.14: Google Drone!, Cessna's 10,000th, Bearhawk LODA

Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]

Aero-TV: The Tecnam Juggernaut -- SeaSky, P2008, P2010, Trainers, and Astore!

An Impressive Line-Up Continues To Make A Solid Impact On Sport Aviation ANN CEO and Editor-In-Chief, Jim Campbell seized the opportunity to talk with Phil Solomon, the CEO of Tecn>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-17-04 PRODUCT: Certain Bombardier, Inc. Model CL-600-2B19 (Regional Jet Series 100 & 440) airplanes.>[...]

ANN's Daily Aero-Linx (09.02.14)

FAA General Aviation Airports Report Beginning in 2010, the FAA began a national review of the general aviation airports resulting in two reports, General Aviation Airports: A Nati>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC