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Schrenker: 'Data' show he tried to fake own death

March 15, 2010

A former Fishers money manager facing fraud charges acknowledges in a newspaper interview that evidence indicates he was trying to fake his own death when he parachuted from his private plane that later crashed in a Florida swamp.

Marcus Schrenker tells The Times of Munster in a jailhouse interview that "all the data" lead to that conclusion.

Schrenker previously had claimed he was trying to commit suicide when he jumped from the plane in January 2009.

He says now it's hard for him to believe he did anything so dangerous.

The Merrillville native is being held in the Hamilton County jail, where he awaits trial on charges that he bilked more than $1 million from investors.

Schrenker grabbed headlines last year by crashing his plane and parachuting to safety in an elaborate scheme to fake his death and escape a securities fraud investigation. He was sentenced in August in a Florida court to more than four years in federal prison for crashing the plane and is awaiting trial in Hamilton County on the fraud charges.

Altogether, Schrenker is charged with 11 felony counts of securities fraud.

In January, the Indiana Court of Appeals affirmed a lower court’s decision to appoint a receiver to manage the assets of his former wife, Michelle Schrenker.

Hamilton Superior Court Judge J. Richard Campbell appointed a receiver in February 2009 at the urging of the Indiana Securities Division, which filed a civil suit against the Schrenkers in an attempt to recover client funds.

The civil suit alleges the Schrenkers violated the Indiana Securities Act by using investor funds for personal use. The securities division lobbied the Hamilton County court to appoint a receiver because of Michelle Schrenker's involvement in the couple’s three investment firms: Heritage Wealth Management, Heritage Insurance Services and Icon Wealth Management.

She agreed to a preliminary injunction preventing her from transferring any assets until an accounting of her finances could be completed, but she objected to a receiver taking control of her property.

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