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A single engine airplane owned by Cambridge resident Marc Shrenker, 38, went down last night in a swampy area near Destin, Florida around 9:20 pm CST. He was discovered near Harpersville, Alabama.
Schrenker reported turbulence near Huntsville, Alabama. He later reported that the windshield had blown into the aircraft and moments later they lost contact with the plane over Gadsden, Alabama.
Coincidentally, Icon Wealth Management, the private investment company that Schrenker owns, was served a warrant on December 31st at his Cambridge home for securities fraud according to local authorities. Both his Cambridge home and offices on Fall Creek Parkway were raided and computers, laptops, and files were taken by police.
Update 1:10 pm EST
The Sheriff’s Office is still currently on scene maintaining security at the site of the plane crash that occurred in East Milton last night. As stated in the previous release, the pilot was not present at the crash site. The current investigation has revealed that the pilot, identified as Marcus Schrenker, 38 years old, from Indiana, appears to have intentionally abandoned the plane after putting it on auto pilot over the Birmingham, Alabama area and parachuting to the ground. Officials initially were told that the pilot had an in flight emergency and that the windshield imploded on the plane. The pilot stated that he was bleeding profusely. Radio contact with the plane was not able to be established after that point. When deputies located the plane at the crash site, no blood was present and the door to the plane was open. Santa Rosa County Sheriff’s Office officials received a call on 1/12/09 at 2:26 am from the Childersburg Police Department, in Alabama. Their officers told the Sheriff’s Office that a white male subject came up to one of their officers at a store in Childersburg and said that he had been in a canoeing accident with some friends. The subject was only wet from the knees down and had no other injuries. The subject was identified by the officer as Schrenker by means of an Indiana Drivers License. Schrenker also had some goggles that looked like they were made for “flying”. The officers in that jurisdiction were unaware of the plane crash incident at that time and took the subject to a nearby hotel in Harpersville, Alabama. Later after hearing about the airplane crash incident, Childersburg Police Department contacted our agency. Santa Rosa County Sheriff’s Office deputies confirmed that the subject that was transported to the hotel had the same name as that of the pilot that was involved in the airplane crash in our county. Childersburg Police Department was advised of this and they went back to the hotel where Schrenker was dropped off. Schrenker checked into the hotel under a fictitious name. When authorities entered Schrenker’s room he was not there. After Schrenker paid for his room with cash, he put on a black toboggan cap and ran into the woods located next to the hotel. Authorities in that jurisdiction are continuing to look for Schrenker. Numerous local, state, and federal agencies are currently assisting in Alabama, Indiana, and Florida in an effort to locate Schrenker. The FAA and the NTSB has just arrived to the crash site to begin their investigation into the crash.
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Tom – send this to fox 10 news in Pensacola/Ft Walton beach. They are following this sotry and are said to have a follow up report at 5 pm tonight. Im sure they would be interested in some background on Mr Schrenker.
Coincidentally?
Guess that explains why the covecam.com camera we mounted on his house this past summer was unreachable!
I notice that his home is already in his wife’s name…the County Recorder is generally behind with getting that information posted, so this has been in the works for quite awhile! Go figure…
REMEMBER HE HAS KIDS
BE KIND
Hmmm… I wondered why my Fidelity account that was managed by “Icon” is no longer assigned a managment firm. Seems Fidelity severed its ties to ICON the end of the year. Phones were out all last week when I tried to call.
My research found that his father from Northern Indiana passed away 1/4/09. He, Michelle and the children were listed as survivors. I’ve known him for over 8 years; always thought he was a smart guy … maybe too smart for his own good.
couldnt happen to a nicer guy. lol
That is a shame, he seemed very well put together. I hope that his family can recover from this ad forgive him.
I feel for his wife and children.
He’ll get whats coming to him. It’s long overdue.
This guy obviously cares only for himself. I live in Milton, Fl where his plane went down and have good friends near the crash site. There were many volunteer firefighters and police, Coast Guard etc who spent many hours last night in the swamp looking for him. He had no regard for where his plane was going to land and who it might kill. I am glad no one was killed and injured and I do pray for his family, but I hope he gets what is coming to him for such a selfish act. The court system in Alabama and Northwest Florida can be pretty harsh.
“Be kind-he’s got kids’??? Lady, so do I, and last night when our police and fire departments were mobilized and those F-15′s were screaming overhead searching for this soulless cretin, I prayed that my kids would live through the night.
Be kind, my ass. We are screaming for blood down here.
i say watch what u say , this man has a wife and children ,,, even though he has done wrong , lets keep the innocents out of it
Yes be kind! DO you know him? What are you screaming for blood for? What happened to you?
Boy, some people really go to great lengths not to be a part of Fishers’ annexation eh?
The Associated Press interviewed me (got the connection from covecam.com). All I could say was I’m glad no one was hurt by the plane crash. I know his personal life was a mess since at least this past summer when he told me they were getting a divorce. Still, jumping out of the plane like that is as bad as randomly shooting someone. It’s fortunate no one was injured.
How did Schrenker’s father (Michael Galoozis) die? Does anyone know? Natural causes, or…?
I graduated from high school with Marc and it is actually his stepfather who just passed away. Don’t know the circumstances.
Commits a criminal act and then gives the police his real drivers license!
Real highbrow!
Now that’s the kind of guy that I want to manage my money!
Why yes, Miss Sue. I know he is a wretched and desperate money man who jeopardized the lives of thousands of innocents, and cost us hundreds of thousands of dollars. Be kind, for his kids’ sake? He sure wasn’t. Not to his, certainly not to mine.
What’d he do to me, you ask? We were in terror. That makes him a terrorist, doesn’t it?
Tom
You should get off the bandwagon-and stop promoting this as an AtGeist event
Marcus,
If you are reading these this has gone too far. Thankfully no one was seriously injured or even killed when your plane crashed. Whatever the outcome I’m sure you can work this out. I really feel for Michelle and the kids right now, look at what you are putting them through…they must be so worried.
he should have waited to get to the water, that was his mistake and for that he will be captured, what a shame.
my guess is somehow in some way he is also involved in this maddof crap..remember maddof has been around since the 60′s..anyway he gets married sees an inside way to make money..smart yes thats a given..gets caught up this year and panics..tels wife..if you think for a second she didnt know something,give me a break..seriously all spouses male/female have gut feelings..saying she isnt involved..from what i gather though she was involved in a comapny to some extent..chances are she sat in on a board from time to time..she will have to plea out somehow if shes lucky..bottom line yes what of the kids..odds are wife goes free..broke but free as all assets they owned will be frozen..you say the house was transferred into her name..they will look into the timeline of that..therefor possibly hurting her in a plea..he planned this out almost perfectly usedwhat he learned in life to escape..just failed to realise the entire escape process..my guess is he is on his way back up to NW,indiana..or to a boat along the coast..for him to get away now is about a 24 – 48 hour window. my guess is he will be picked up in southern,indiana..ohio or kentucky..not rooting for them to escape but the boat plan is the only option now..i mean if your gonna run you may as well go for it..piss poor planning now relates to an emergence later..which is exactly what is happening.
bottom line where do the kids get shoved after all this..going from rags to riches sucks..was there myself till 3rd grade.
best outcome..wife is able to sell house moves and keeps kids.
Watch it or I’ll be forced to take you all to the peoplescourtraw website!
I’m just wondering, if his wife was divorcing him, his step father died and all this torment is on him, who exactly would Collect on the insurance policies?
if he faked his death, who would benefit?
i mean, he was such an expert pilot, maybe he jumped and ended it all. the Red motorcycle and the man in the canoe thing, well, forgive me, but it just don’t fly with me. he sounded despondent and suicidal and the insurance companies don’t have any money to pay for all the suicides with the economy collapsing.
onenonblonde on January 13th, 2009 5:27 am Why yes, Miss Sue. I know he is a wretched and desperate money man who jeopardized the lives of thousands of innocents, and cost us hundreds of thousands of dollars. Be kind, for his kids’ sake? He sure wasn’t. Not to his, certainly not to mine.
What’d he do to me, you ask? We were in terror. That makes him a terrorist, doesn’t it?
lol onenonblonde “We were in terror”
im betting you where interror as you heard the approaching drone of the motor and the crash..terror what do you know about terror..terror is a man running into your house and binding you up and holding you hostage..get a clue you over dramatic twat.
That makes him a terrorist,
with the laws that bush passed yes sadly he could also be brought up on a terror charge..mind you this was not a terrorist act..just a man in survival mode..you would do the same thing..or curl up in the fetal position and suck your thumb..im betting you would opt for the later.
jeopardized the lives of thousands
umm your in BFE sorry las try again thousands of lives my arse..if anything he planned his ditch to drop into a somewhat secluded spot..update..see motorcycle at the ready..so yes preplanned..which again sadly piles more charges onto him..can we say life..ouch
hundreds of thousands of dollars
this is driven by the economy and we as the people allow the inflation to rise..so in part you are partially to blame for it costing hundreds of thousands..seriously doubt it was that much they used local resources..only a handful of governement actually move out on these calls. look for americas most wanted having them on if not caught by sat. (“is that show still on?” sorry dont watch alot of late night TV)
again not defending the person but you have to way it out over the whole topic.
closing with onenonblonde your an idiot.
ya, so, i feel really sorry for this guys kid, but i feel even more sorry for the poor plane, he left, unable to control itself from a certain death, such a beautiful plane, why, why must it have to die
Lets all be honest about what’s going down here. None of this “he has kids” crap etc.
The man point blank robbed the elderly of their life savings. He signed people to annuities he knew they would have to pay huge fees to access their money.
He forged signatures to steal money through unauthorized transactions.
He unjustly withdrew money from accounts claiming they were transaction fees but then couldn’t produce evidence of transactions that would warrant these fees.
He then plays russian roulette with people’s lives by abandoning a plane in mid-air allowing to to crash anywhere.
When you say you “KNOW HIM” you don’t know him. He lived a life that was nothing but pure lies. He had the balls to look talk an 80 year old man into signing into a 15 year annuity. Is that the man you know? That’s the guy that “seemed to have it so together”?
The guy is nothing but a common criminal. Sure he lived in a nice community with the rest of us and seemed nice to our faces but it was yet another lie. He would have robbed any of us blind if he had the chance.
I, for one, will enjoy watching this guys world unravel.
Dear Marcus,
If you are reading this, just drop the whole charade and come home to Indiana. Seriously, dude. Just come home. Your wife and kids still love you, and they are worth far more than money. Turn yourself in and just come home. This has gone too far. Come back home, dude.
–A Geist Friend
Im just guessing that when Marcus planned this out he had every intention of that plane falling in the ocean, I seriously doubt he would of intentionally pointed that plane at a house, buisness, etc. My guess is he had done the math and would have had plenty of fuel to make it to the drink, he however did not take into account the additional drag the wide open door would cause, therefore greatly reducing the planes range. Dont get me wrong, if he did everything reported he is definitely a selfish crook, that had no qualms about endangering others money, but I dont thik he would risk lives intentionally. Thank goodness no one was hurt when that plane went down!!
Why would he essentailly leave a flying missle in the air? This is all I care about. Wreckless disregard for others and it was a missle. In FL they even consider a beer bottle a missle! Really. People go to prison all of the time there FOR throwing beer bottles at passerbys-people in vehicles and so on.
So, allowing a missle to just go “anywhere” reminds me of the crash where the N-as-car jet hit two homes, burned them to the ground and most everyone in the two homes. They were trying to make the Sanford Airport and had smoke in the cock pit.
WHY did he not pre-think the door? Like my door opened for no reason–May DAY MAY DAY and then splatter bagged blood THEN boogie. He read the wrong books is what I think.
Really-the water would have been FAR better, no threat to human life [practically] and much harder to pull wreckage from ocean-the lazy sap did not want to parachute into water….beause???? Get away would be the hardest???
So, he made a knowing decision his plane could hit people. That is the ultimate selfish dude.
Yes. What a great novel. “Justguessing” has it right. The drag of the plane’s door caused the plane to fall short of the Gulf. Other poorly thoughtout details include not having a good fake ID in the event you need to show it to someone. However, everyone was supposed to be looking for a plane in the water. Now our character has been caught and there can be no future meeting with the ex -wife – who ended up with the house and all that insurance money. Oh, and that phoney “affair” story?..brilliant. Probably just my imagination, but writing stuff like this is more fun than (perhaps) what really happened!
I’d have to say the affair thing is true. He asked me to install a flat screen tv in a condo at the top of the lake for his “friend”. I recognized his dog at the condo so I immediately knew something was up but not my place to judge. I asked how she knew Marc and she said they had been dating for several months. This was back in July. He told me afterward that he and Michelle were getting a divorce.
It’s ridiculous how hilarious this entire situation is.
Onenonblonde, I have to start with you. I hope you put down your bible and shotgun and get your literate step-son to read this to you.
Screaming for blood? Did you have a pitchfork mob? We’re ya stringin’ a noose?God the south is a pathetic place. You PRAYED your children would live through the night? I’m sure you PRAYED for harm on this dude too. Such hypocritical people. Wait till your kids get drunk and wreck the car and (hopefully no one gets hurt) you have a pitchfork mob screaming for their blood. We’ll see what you pray for that night.
I’m sure terrorist is end-all of your ammunition vocabulary. Hilarious!
The rest of you are hilarious as well.
Those sticking up for a theif who didn’t steal from you but did manage to make himself a fortune off unsuspecting rich. (Really, unless he put them in the poor house I don’t really care though. Most rich people are the anti-humility self-absorbed scum of the earth anyway. Looking at you Giest resevior.)
Those sticking up for his kids when his kids weren’t even attacked.
Those wanting to watch this dude’s life come to an end.
You’re all pretty pathetic.
I was doing research on this dude for one of my classes as a current event and came across this article. I’m glad I came across this because you folks really entertained me.
that Tom dude’s posts was the funniest. nailed it bud.
Dear Marcus,
I read your story in a local newspaper and I thought that I was reading a movie review. Directors like the Coen brothers (Fargo, No Country for Old Men, et cetera) will likely be interested in your story. Write it down and sell it! It has the potential of a movie blockbuster, so there is a good chance that it will help you resolve your financial predicaments as well. All the best
Fred A. Rule Jr.
New Holland, Oh.
I went to high school with Marcus in Merrillville. He carried himself with an arrogant manner back then and I see nothing has changed. I feel bad for those he took advantage. He is pathetic for trying to take his own life and avoid the troubles he has caused. Hope he goes to prison for a very long time. He must have gone the Madoff school of deceit.
How come when one person fakes his own death it gets national attention? When the government fakes the death of over one hundred people (ValuJet 592) The media doesn’t see the obvious. Just as in this single incident, there was no body so the po0lice and investigators got suspicious. When no bodies were recovered at the site of ValuJet flight 592, no one got suspicious. For more information on ValuJet, go to my site @ http://www.angelfire.com/ut/2f/.
Such sensitive feelings for your poor, tormented pilot ! Being under the impression that this was a forum in which all opinion could be expressed, I did just that. My family and home were threatened. The utilities of the county where I pay taxes were tied up for days, costing us thousands. Of course I’m angry, and lashing out. Beyond admitting that I posted my initial comment just after this crash, and that I was naturally furious, I retract nothing. He was desperate and dumb and he endangered us. You bet I’m mad.
Along with Tom, I will closely monitor the unraveling of this guy. I will keep track of his case. And I will be the girl with the biggest sign at the protest when he is let go.
Onenonblonde’s BLONDE sister here. This is in response to Tom pretty much & that jackass doing research.(He shouldn’t stereotype quite so much. We actually prayed for everyone’s safety & lives including the genius “pilot” until he was found. You’re pathetic.) Tom, I live 5 miles south of where the F-15s found this un-manned airplane. They circled this airplane all the way while it “flew” (DIRECTLY OVER MY HOME) until crashed, roughly 13 mi. from my home, 3/4 mi. from my sisters home, my parents home and maybe 1 &1/2 mi from my brother & sister-in-law’s home. This is our ENTIRE family. My Mom, Dad, brother, sister,myself & our children were BORN here in what you want to ignorantly call BFE. How would you feel, Tom? Where it crashed, about 100 yds FROM a home, is actually a popular boating, skiing area of our Blackwater River that most of us in “BFE” go to have fun with our families. Mr. Schrenker’s un-manned airplane also flew RIGHT OVER/INTO Whiting Field NAS–he must not have done much research into just who’s allowed to “fly” in military air space. As for us being in terror? “As we heard the approaching drone of motor”?? Tom, ever had two F15s flying in circles at treetop level? That is NOT a drone, it is the same sound of a town under occupation. Like us hicks in BFE, (town population 14,500, county pop 156,864 so, yes, honey, thousands of lives WERE in danger here. Not to mention the many miles between Birmingham & Milton. As for comment on terrorist act and he’s in survival mode and she’d curl into the fetal position&suck her thumb…baby, this is Florida. We have survived numerous major hurricanes & the devistation that comes with them, survival in Florida requires a little more than a motorcycle & tent!) When he’s out of the hospital, we get him first!! Federal charges in Pensacola!! We’ll know him when we see him! But don’t worry, we’ll leave our pitch forks at home.
Mr. Derek Cowburn – if the girlfriend really exists, why are you the only one that has ever met her?
Marcus planned on that plane hittin the gulf, Miscalculation of fuel, with the drag of the door being open!!!!!! It wasnt far off was it!!! The military doesnt tell you that they would have shot down the plane if it threaten lives of innocent people. This is a fact, this plane was considered a possible terrorist attempt!! They followed for at least 100 miles.
This whole thing came from a man whose life was falling apart. Stressed by all the pressures of what was going on! Hard to think clearly when pressured by the stress of what he knew was coming down on him.
Everyone makes mistakes, some bigger than others.
Personally knowing Marcus for over a decade, I can actually say Marcus wouldnt and couldnt physically harm another person. Sticks and stones may break bones, but words just piss people off. Which he could do!!!
Anyone who is married believes their spouse!!!!!!!! If you dont, Maybe YOU need a divorce Lawyer.
Nobody knows how things were really ran or what was done.
Everyones specualtion is just BS, wait to find out the truth, dont people have better things to bitch about than worring about what others do.
Just a little insite to what is wrong with the world today!!! Nobody is neighborly anymore, everyone is a backstabber, everyone has to be in someone else’s business. Worry about yourself and your kids, Your neighbors should be your friends not your enemies. I scratch your back you scratch mine.
TREAT OTHERS AS YOU WANT TO BE TREATED!!!!!!!!!!!
AND THE WORLD WILL BE A BETTER PLACE
I think we can blame all of this on “Dynasty”. Things were pretty simple before that show don’t ya think??
thomas, that was a riot. You don’t live in the same America as me if you believe in applying the golden rule. If it weren’t for the law, this guy would have been lynched already… by a bunch of Floridian housewives. There’s nothing more vicious than a pissed off middle-age woman, they make terrorists seem nice in comparison.