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Money Manager to Plead Guilty in Plane Crash
Topics:Insider Trading | FDA | Patents | Regulations | Corporate Governance | Corporate Fraud | Crime | Accounting Rules | SEC | Lawsuits | Laws and Legislation
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An Indiana money manager is set to plead guilty to charges of crashing an airplane near a Panhandle neighborhood in a botched attempt to fake his own death.
Marcus Schrenker has a change of plea hearing in federal court on Friday. His trial on the charges was scheduled for Monday.
Prosecutors say the 38-year-old fled Indiana in a private airplane in January facing financial ruin and a crumbling marriage.
He parachuted from he plane over Alabama, leaving it on autopilot until it ran out of fuel and crashed behind several homes.
Federal marshals arrested him days later.
© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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