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.
Also: AEA $$Giveaway$$, LAM Aviation, Able Flight, Jack Pelton On Aero-Medical Reform We start our report this morning with something that has very little to do with the EAA AirVen>[...]
ONE Aviation: Let’s Fly Together ONE Aviation delivers innovative access to general aviation by bringing together a line of products suited to the missions and budgets of ind>[...]
Get The EARLY Inside Details On THE Most Exciting NEW Innovations And Product Announcements From OSHKOSH... The staff of EAA and the Aero-News Network are pleased to announce that >[...]
Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]
OSH2016 Sponsor: Always-Innovative Aspen Avionics Based in Albuquerque, New Mexico, Aspen Avionics specializes in bringing the most advanced display and sensor technology from the >[...]