An Indiana man is charged after intentional aircraft crash.
Wired PR News – An Indiana money manager has been criminally charged after it was discovered that he intentionally crashed his aircraft as part of a con, which resulted in a search by the Coast Guard to save him after receiving a phony distress call. As reported by the Associated Press (AP), Marcus Schrenker was found by U.S. Marshals at a campground in Florida after a failed suicide attempt, and now faces charges in relation to the scam as well as illegally acting as a money manager by performing related duties without a current license.
Schrenker had reportedly landed in significant financial trouble, and is noted by the AP to have possibly amassed legal claims and judgments against him to the tune of $9 million. He is quoted as stating in a letter written in December, “It needs to be known that I am financially insolvent…I am intending on filing bankruptcy in 2009 should my financial conditions continue to deteriorate.”