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This profile was last updated on 11/17/14  and contains information from public web pages.

Marcus Schrenker

Wrong Marcus Schrenker?
 
Background

Employment History

  • Pilot
200 Total References
Web References
HedgeTracker | Hall of Fraud
www.hedgetracker.com, 6 Feb 2011 [cached]
Marcus Schrenker
Tab Clip - News/Heritage Wealth ManagementComments about Heritage Wealth Management - wiki
news.xxtab.com [cached]
The story of Heritage Wealth Management President Marcus Schrenker is something straight out of a mid-grade Hollywood action flick. Yesterday evening, Heritage Wealth Advisors - Wealth Management and Financial Services Heritage Wealth Advisors offers wealth management and financial services that are designed to benefit our wonderfully diverse mix of families, executives and professionals. Heritage Wealth Management Inc: Marcus Schrenker, Firm Owner ... 12 Jan 2009 ... Investigators say Marcus Schrenker, of the firm Heritage Wealth Management Inc., abandoned his plane before it crashed in order to fake his death. Dealbreaker wonders just what Schrenker was thinking:
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13 Jan 2009 ... Marcus Schrenker, was, or is, an Indiana businessman whose financial management companies, Heritage Wealth Management Inc., Heritage Insurance Services Inc. and Icon Wealth Management, were under investigation.
True Crime Report - "fraud" Archives
www.truecrimereport.com, 20 April 2009 [cached]
Marc Schrenker Possibly Found Alive in Florida, Wrists Slit
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The U.S. Marshals report that Marc Schrenker has been found alive in Quincy, Florida. The fugitive money manager was found with his wrists slit at a campsite in Quincy. He may have attempted suicide -- but you know, I kinda doubt he totally meant it. Speaking to CNN, the Marshals could not say for sure whether they had Schrenker or not. Whoever they have in custody, he's been taken to a hospital in Tallahassee. [ NWFDailyNews.com]
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Tags: disappearance, frauds, Heritage Wealth Management, Marc Schrenker, Marcus Schrenker, pilot, stunt pilot
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Tags: disappearance, frauds, Heritage Wealth Management, Marc Schrenker, Marcus Schrenker, pilot, stunt pilot
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Warrant Issued for Marcus Schrenker
Posted at 3:27 PM Jan 13, 2009 dbag2.jpg See previous entry: "Marcus Schrenker's Fake-Out."
Marcus Schrenker may have been a bad money manager, but so far, he's pretty good at being a fugitive. And he is officially a fugitive now. Felony charges have been filed against Schrenker by Indiana authorities -- he has been charged with "unlawful acts by a compensated adviser and unlawful transaction by an investment adviser."
Basically, investigators in Hamilton County, IN think Marcus Schrenker used his firms, Heritage Wealth Management, Heritage Insuarance and Icon Wealth Management to defraud investors.
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I linked Schrenker to the Galoozis name in the previous entry, though I'm still not 100% sure of the relationship. The Galoozis in the obit wasn't Schrenker's father after all, but there was clearly some connection there.
In the "for what it's worth" dept. -- if you haven't checked out Schrenker's Heritage Wealth website as it appeared in 2005, you're missing out a bit on some insight into the guy and just how slick he really was.
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Tags: disappearance, frauds, Heritage Wealth Management, Marc Schrenker, Marcus Schrenker, pilot, stunt pilot
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Tags: disappearance, frauds, Heritage Wealth Management, Marc Schrenker, Marcus Schrenker, pilot, stunt pilot
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Marcus Schrenker's Fake-Out
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Marc Schrenker's homemade video of a stunt flight he made in the Bahamas. The soundtrack has been removed.
The pilot said there was severe turbulence. He in great distress and bleeding; his windshield had shattered.
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A short time later, Marc Schrenker, age 38, approached a cop in Childersburg, Alabama and said he'd had a canoeing accident. Schrenker wasn't hurt, but he was wet from the knees down. The cop didn't know about the plane crash. He took Schrenker to a hotel in Harpersville, Alabama. Schrenker signed in with a fake name, paid in cash and checked into his room.
Childersburg police quickly learned about the plane crash and they came back to the hotel. Schrenker was gone. He'd pulled on a black toboggan and vanished again, possibly into the woods.
Marcus "Marc" Schrenker had been in the pilot's seat of the crashed Piper Malibu.
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According to a filing made in Federal Court on December 22, 2008, Marcus Schrenker, the head of Heritage Wealth Management, Inc. was the defendant in a suit made by Creative Marketing International for breach of contract. Schrenker was also named in papers related to Delta Airline's bankruptcy filing. Schrenker had done work analyzing post-retirement income possibilities for retiring Delta pilots.
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So Marc Schrenker was, shall we say, in a rather bad place.
At this writing (and I will update this post if needed), Marc Schrenker may still be missing in the Alabama woods. Is he yet another example of the current economic crisis in action as a slippery money manager, no longer able to float (or support his love of awesome stunt planes), freaks out? Others have been committing suicide; Schrenker seems to at least be a little more creative.
While we try to find out a little more about this latter-day, sorta D.B. Cooper-like dude, go check out the website for Schrenker's Indianapolis firm, Heritage Wealth Management. It may be more educational to look at the site as it appeared in 2005, when there was a video of a very smooth Schrenker talking about what his company did for its clients. He once apparently thought about starting something involving "Money Management for Pilots," but it looks like he wasn't too good at that sort of thing, after all.
Another link, via DealBreaker.com: Schrenker and his wife Michelle once filed a suit against the Hamilton County, Indiana Sheriff's Office for false arrest and unreasonable force [PDF]. Schrenker had been accused of riding a motorcycle illegally, and things went downhill from there.
[WKRG.com, Fox News/AP; thanks to reader Kim for some of the links.]
UPDATE
WKRG in Alabama is reporting that Schrenker is in police custody.
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Tags: disappearance, frauds, Heritage Wealth Management, Marc Schrenker, Marcus Schrenker, pilot, stunt pilot
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Tags: disappearance, frauds, Heritage Wealth Management, Marc Schrenker, Marcus Schrenker, pilot, stunt pilot
NOBLESVILLE -- A Hamilton Superior Court ...
www.thestarpress.com, 31 Jan 2009 [cached]
NOBLESVILLE -- A Hamilton Superior Court judge ruled Friday to permanently freeze the assets of Fishers financial adviser Marcus Schrenker but stopped short of doing the same for his wife after testimony from former clients and his mistress.
During a three-hour hearing, Schrenker's girlfriend detailed lavish gifts from Schrenker, including $70,000 to furnish a Fishers condo. A Noblesville man also offered the first local testimony against Schrenker, saying the financial adviser misappropriated the thousands of dollars he had invested with him. Advertisement Quantcast
Schrenker's assets and those of his companies -- Icon Wealth Management, Heritage Wealth Management and Heritage Insurance Services -- are in the hands of a court-appointed receiver.
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Marcus Schrenker, 38, is charged in Florida with faking a distress call after intentionally crashing his plane last month. He was arrested in northern Florida after he parachuted from the plane.
He was transferred this week from a jail in Pensacola, Fla., to a federal correctional institution in Tallahassee. He is expected to undergo a mental evaluation at a federal detention center in Miami.
The aborted flight came as Schrenker was under scrutiny for financial fraud by Indiana Department of Insurance investigators, who successfully pushed to have his insurance license revoked, and the Indiana secretary of state, whose office regulates securities.
In Indiana, he faces two counts alleging he worked as an investment adviser without being registered. His registration was terminated Dec. 31, but he continued dealing with clients, authorities contend.
On Friday, Schrenker's former clients detailed more allegations that he deposited their investments into his own account.
Bill Black, Noblesville, said Schrenker persuaded him to write a check to his company for $14,921 in October 2007.
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The money was supposed to go into a European investment account, which Schrenker said he would monitor through an online system.
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The deputy attorneys general produced bank statements from December to show that another client's $79,000 was wired directly into Schrenker's business account.
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An Sept. 15, 2008 photo obtained by The Associated Press shows investment manager Marcus Schrenker, 38. Schrenker, whose ill-fated flight from ruin was halted when investigators interrupted his suicide attempt at a Florida campground, found his legal problems compounded as authorities filed federal charges against him Wednesday. He was recovering Thursday, Jan. 15, 2009 in a heavily guarded Florida hospital room after the apparent suicide attempt. He was in fair condition, and was expected to appear in court in Florida before returning to his home state of Indiana, where he faced the prospect of bankruptcy, divorce and other problems. (AP Photo) An Sept. 15, 2008 photo obtained by The Associated Press shows investment manager Marcus Schrenker, 38. Schrenker, whose ill-fated flight from ruin was halted when investigators interrupted his suicide attempt at a Florida campground, found his legal problems compounded as authorities filed federal charges against him Wednesday. He was recovering Thursday, Jan. 15, 2009 in a heavily guarded Florida hospital room after the apparent suicide attempt. He was in fair condition, and was expected to appear in court in Florida before returning to his home state of Indiana, where he faced the prospect of bankruptcy, divorce and other problems. (AP Photo) (AP)
In this artist rendering, Indiana financial advisor Marcus Schrenker, 38, speaks with Thomas Keith, a public defender, before U.S. District Judge Roger Vinson, Thursday, Jan. 22, 2009, in Pensacola, Fla. Schrenker, an Indiana financial adviser accused of trying to fake his death in a plane crash had been improperly moving money from accounts and forging signatures for several years, investors testified at a hearing Thursday. (AP Photo/The Pensacola News Journal, Gary McCracken) ** MAGS OUT, NO SALES, MANDATORY CREDIT **
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In this artist rendering, Indiana financial advisor Marcus Schrenker, 38, speaks with Thomas Keith, a public defender, before U.S. District Judge Roger Vinson, Thursday, Jan. 22, 2009, in Pensacola, Fla. Schrenker, an Indiana financial adviser accused of trying to fake his death in a plane crash had been improperly moving money from accounts and forging signatures for several years, investors testified at a hearing Thursday. (AP Photo/The Pensacola News Journal, Gary McCracken) ** MAGS OUT, NO SALES, MANDATORY CREDIT ** (AP)
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In this artist rendering, Indiana financial advisor Marcus Schrenker, 38, speaks with Thomas Keith, a public defender, before U.S. District Judge Roger Vinson, Thursday, Jan. 22, 2009, in Pensacola, Fla. Schrenker, an Indiana financial adviser accused of trying to fake his death in a plane crash had been improperly moving money from accounts and forging signatures for several years, investors testified at a hearing Thursday. (AP Photo/The Pensacola News Journal, Gary McCracken) ** MAGS OUT, NO SALES, MANDATORY CREDIT ** (AP)
Schrenker is the ...
www.wthr.com [cached]
Schrenker is the Geist money manager accused of crashing his plane in an elaborate scheme to disappear. Now he's in jail, and his many material possessions are on the auction block.
A lavish lifestyle is now on display for potential buyers in a former furniture store in a Castleton strip mall. The space is now rented out to display truckloads of items. From a boat to motorcycles to kitchen canisters and office supplies, everything is tagged and ready for auction.
More than 1,000 people are expected at the Saturday event, many hoping for a bargain on the items that used to fill the Geist home of Marcus Schrenker. He's in jail awaiting trial for securities fraud.
Other People with the name "Schrenker":
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