I know the global depression is bad with lots of suicidal bankers worldwide jumping onto railroad tracks and putting guns to the heads, but this is WAY over the top
January 13, 2009 business acquaintance of an Indiana financial adviser who appeared to fake his own death by crashing a plane reveals an e-mail he received from Marcus Schrenker The message talks about the crash in Florida and why he did it
The office of missing Indiana businessman Marcus Schrenker is in McCordsville, Ind.,building seen Tuesday, Jan. 13, 2009. Authorities believe Schrenker disappeared into the woods southeast of Birmingham, Ala. , after jumping from his single-engine plane, which continued on auto pilot until it crashed in a swampy area near homes in the Florida panhandle Authorities were trying to figure out if it was all an attempt by Schrenker, 38, to fake his own death after his wife filed for divorce, his companies were targeted by investigators and he lost a half-million dollars in a court case
Light snow falls on the home of missing Indiana businessman Marcus Schrenker in McCordsville, Ind., Tuesday, Jan. 13, 2009 Federal marshals on Tuesday pressed their search for the investment manager they believe faked a distress call before parachuting from his plane over Alabama and disappearing on a motorcycle he had stashed in advance
Marcus Schrenker
************************************** Missing pilot fled a world of trouble **************************************
38-year-old faced divorce and probe into his firm's finances
Jan 13, 2009 HARPERSVILLE, Ala. - With his personal and financial worlds crumbling around him, investment adviser Marcus Schrenker opted for a bailout. In a feat reminiscent of a James Bond movie, the 38-year-old businessman and amateur daredevil pilot apparently tried to fake his death in a plane crash, secretly parachuting to the ground and speeding away on a motorcycle he had stashed away in the pine barrens of central Alabama
Now the search is on for Schrenker, who is running not only from the law but from divorce, a state investigation of his businesses and angry investors who accuse him of stealing potentially millions in savings they entrusted to him
"We've learned over time that he's a pathological liar — you don't believe a single word that comes out of his mouth," said Charles Kinney, a 49-year-old airline pilot from Atlanta who alleges Schrenker pocketed at least $135,000 of his parents' retirement fund
Radio went silent The events of the past few days appear to be a last, desperate gambit by a man who had fallen from great heights and was about to hit bottom
On Sunday — two days after burying his beloved stepfather and suffering a half-million-dollar loss in federal court same day — Schrenker was flying his single-engine Piper Malibu to Florida from his Indiana home when he radioed from 2,000 feet that he was in trouble. He told the tower the windshield had imploded, and that his face was plastered with blood
Then his radio went silent
Military jets tried to intercept the plane and found the door open, the cockpit dark. The pilots followed until it crashed in a Florida Panhandle bayou surrounded by homes. There was no sign of Schrenker's body. They now know they should never have expected to find one
More than 220 miles to the north, at a convenience store in Childersburg, Ala., police picked up a man using Schrenker's Indiana driver's license and carrying a pair of what appeared to be pilot's goggles. The man, who was wet from the knees down, told the officers he'd been in a canoe accident
After officers gave him a lift to a nearby motel, Schrenker made his way to a storage unit he'd rented just the day before his flight. He climbed aboard a red racing motorcycle with full saddlebags, and sped off into the countryside
Now, a search that began in the air and continued across land and sea has been turned over to the U.S. Marshals
"I believe he's out of the U.S.," Harpersville Police Chief David Latimer said Tuesday. "He's already shown a mentality that's interesting to police. He jumped out an airplane and left it to crash who knows where. He's shown a total disregard for human life. I think he'd do anything to get away"
At 38, Schrenker was at the head of an impressive slate of businesses. Through his Heritage Wealth Management Inc., Heritage Insurance Services Inc. and Icon Wealth Management, he was responsible for providing financial advice and managing portfolios worth millions
And by outward appearances, he was doing quite well
Luxury autos, airplanes He collected luxury automobiles, owned two airplanes and lived in a 10,000-square-foot house in an upscale neighborhood known as "Cocktail Cove," where affluent boaters often socialize with cocktails in hand. In May 2000, he wowed onlookers by flying a special airplane at 270 mph, 10 feet above the water and under two bridges in Nassau, Bahamas
"This stunt should not be attempted by any pilot that wishes to stay alive," read the caption on a self-made video of the flight posted on YouTube
He'd come a long way from his humble beginnings in northwest Indiana, where he and his two brothers were raised after their parents' divorce by their mother and stepfather, a Vietnam veteran who worked at U.S. Steel Corp
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