Marcus Schrenker
| Marcus Schrenker | |
|---|---|
| Born | ~ 1971 (age 45–46) |
| Occupation | Financial advisor |
| Criminal charge | Illegal destruction of an aircraft, deceiving the Coast Guard (federal), securities fraud, operating as an investment banker without being registered (state) |
| Criminal penalty | 51 months in prison and $905,000 fine (federal) 10 years in prison (consecutive) and fines of $633,781 (state) |
| Spouse(s) | Michelle Schrenker (divorced) |
| Children | 3 |
| Conviction(s) | June 5, 2009 (federal, pleaded guilty) October 7, 2010 (state, pleaded guilty) |
Marcus Schrenker (born ~1971) is a financial advisor who lived in Indiana known for attempting to fake his own death due to personal, financial, and legal trouble and for the multi-state, three-day manhunt that followed in January 2009.
His first wife Michelle divorced him, and after pleading guilty to federal charges he was sentenced to 51 months in prison and fined $905,000 in June 2009. In October 2010, after pleading guilty to state charges, he was sentenced to 10 years in prison (consecutive with the 51 months) and was fined $633,781
Schrenker grew up in Merrillville, Indiana and attended Purdue University, where he was a cheerleader and met his wife.
Prior to January 2009, Schrenker lived with his wife and three children in a $4M waterfront house in Geist, a wealthy suburb of Indianapolis. and he owned a plane and a Lexus.
Schrenker was listed as the owner of three companies, Heritage Wealth Management Inc. (HWM) and Icon Wealth Management, which had the same address, as well as Heritage Insurance Services, which was also at the same address. In December 2008 Schrenker and HWM had been was sued by another company that was trying to get back $1.4 million for commissions it had paid to Schrenker for selling insurance and annuity policies.
On December 30 his wife filed for divorce because he had been having an affair with a woman at the airport where he kept his plane. The next day, his Indiana state financial advisor license expired, all three of his companies were searched under a warrant related to ongoing investigations,
At the beginning of January, the Indiana Department of Insurance had filed a motion to revoke the license of Schrenker and Heritage and fine them, "citing a string of complaints from clients, some charging that he forged signatures and withdrew investment money causing large surrender penalties." And on January 9, Schrenker had been ordered by a Maryland court to pay a Maryland insurance company $533,564 for issues also related to commissions. Schrenker was also being investigated by the FBI at the time the events occurred.
In all, at least eight lawsuits had been filed against Schrenker in the ten years leading up to the events of January 2009, including slander, interfering with a business relationship, and failing to pay a contractor who worked on one of his homes.
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