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Rogue investor found in tent
Source: Agencies |
January 16, 2009, Friday
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THE avalanche of legal and personal problems tumbling on to a brazen investor grew with the addition of United States federal charges that he faked a distress call and crashed his plane in an attempt to foil authorities.
The charges were announced on Wednesday as Marcus Schrenker, 38, recovered in a heavily guarded hospital room after an apparent suicide attempt. His three-day run from the law - and impending financial and personal ruin - ended late Tuesday night when US Marshals found him semiconscious inside a tent at a Florida campground, muttering the word "die" as he bled from a self-inflicted gash to his left wrist.
Scott Wilson, a spokesman for the US Marshals Northern District of Florida, said Schrenker was charged with intentionally wrecking an aircraft and faking a distress call.
"It's certainly something right out of Hollywood," Wilson said. °?"Someone parachuting out of a plane to avoid capture as a fugitive. It's certainly not the run of the mill case for us."
Schrenker was expected to appear in court in Florida this week before returning to his home state of Indiana, where he faced the prospect of bankruptcy, divorce and other problems even before his ill-fated flight.
After he parachuted from the plane over Alabama, Schrenker hardly lurked in the shadows, approaching local police in Alabama before hopping on a flashy red motorcycle he had hidden in a storage unit. He even e-mailed a friend, saying the whole situation was a misunderstanding.
He rode the motorcycle to a campground Monday night, telling the owners he was traveling across the country with friends. Schrenker didn't give his name but paid cash for a tent site, firewood and a six-pack of Bud Light Lime. He was also given a password to use wireless Internet.
Schrenker will face a parade of legal proceedings in the coming months. Already, he has been charged with acting as a financial manager even though his license had expired in Indiana. State regulators also have filed complaints against him that he unfairly charged seven investors some US$250,000 in exorbitant fees he didn't tell them about when they switched annuities.
Schrenker already faced US$9 million or more in potential and actual court judgments and legal claims.
The charges were announced on Wednesday as Marcus Schrenker, 38, recovered in a heavily guarded hospital room after an apparent suicide attempt. His three-day run from the law - and impending financial and personal ruin - ended late Tuesday night when US Marshals found him semiconscious inside a tent at a Florida campground, muttering the word "die" as he bled from a self-inflicted gash to his left wrist.
Scott Wilson, a spokesman for the US Marshals Northern District of Florida, said Schrenker was charged with intentionally wrecking an aircraft and faking a distress call.
"It's certainly something right out of Hollywood," Wilson said. °?"Someone parachuting out of a plane to avoid capture as a fugitive. It's certainly not the run of the mill case for us."
Schrenker was expected to appear in court in Florida this week before returning to his home state of Indiana, where he faced the prospect of bankruptcy, divorce and other problems even before his ill-fated flight.
After he parachuted from the plane over Alabama, Schrenker hardly lurked in the shadows, approaching local police in Alabama before hopping on a flashy red motorcycle he had hidden in a storage unit. He even e-mailed a friend, saying the whole situation was a misunderstanding.
He rode the motorcycle to a campground Monday night, telling the owners he was traveling across the country with friends. Schrenker didn't give his name but paid cash for a tent site, firewood and a six-pack of Bud Light Lime. He was also given a password to use wireless Internet.
Schrenker will face a parade of legal proceedings in the coming months. Already, he has been charged with acting as a financial manager even though his license had expired in Indiana. State regulators also have filed complaints against him that he unfairly charged seven investors some US$250,000 in exorbitant fees he didn't tell them about when they switched annuities.
Schrenker already faced US$9 million or more in potential and actual court judgments and legal claims.
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