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According to a recent article, "Indiana Money Manager Faces More Trouble at Home", Marcus Schrenker, a money manager who tried to fake his own death, used the good faith of his friends and relatives to gain about $1 million.
Affinity fraud happens when a perpetrator manipulates the good faith of their friends, relatives, and colleagues to gain trust in order to carry out their illegal scheme.
Trust this man?Marcus Schrenker, AP PhotoLinked article: Deanna Martin; Associated Press 8/23/09RELATEDDateline NBC's Inside Financial Fiasco Series BEgins on March 22; Transcript of Recent Dateline about Financier Marcus Schrenker
Did Marcus Schrenker, Financial Advisor, Fake Death? More Drama from the Financial UniverseSchrenker's Heritage Wealth Management Company's Slogan:IT'S MORE THAN MONEY, IT'S YOUR FUTURE, IT'S YOUR CHILD'S EDUCATIONGone.
Slogan from Marcus Schrenker's Heritage Wealth Management website:
IT'S MORE THAN MONEY, IT'S YOUR FUTURE. IT'S YOUR CHILD'S EDUCATIONAnd so it goes...
Indiana Business man Who May Have Faked His Own Death: The Next DB Cooper?"...Prior to the accident, “Schrenker’s life appeared to be spiraling downward,” wroteThe Associated Press: “He lost a half-million-dollar judgment against one of his companies when he skipped a court hearing, and his wife filed for divorce. Investigators probing his businesses for possible securities violations searched his home and office.” (Another wrinkle our readers might be interested in: Over the years he also had convinced dozens of active and retired Delta pilots to allow him to manage their retirement accounts.)"Update: Pilot accused of faking his own death, Marcus Schrenker, captured in Florida, officials say (CNN Wire)
"Marshals say Schenker showed up at 2:30 a.m. Monday at a home in Childersburg, Alabama, telling a resident he had been in a canoeing accident. After getting a ride into town, he was taken by police, who were unaware of the crash, to a hotel in nearby Harpersville."
Update # 2 Schrenker airplane jumping story gets stranger by the minute Chris Rodriguez, Denver Aviation Community Examiner
"...And this from the North West Florida Daily News: “Further thickening the plot today was an Indiana neighbor of Mr. Schrenker's, who approached investigators with an interesting e-mail he claims came from the missing pilot. Schrenker wrote to Tom Britt that the situation was a misunderstanding and that he had jumped from the plane because of hypoxia after the windshield imploded and the plane's cabin lost pressure. Schrenker said in the e-mail, "By the time you get this, I'll be gone." Britt also quoted Schrenker as saying, "I embarrassed my family for the last time.'" Britt fears it is a suicide note."
Schrenker during happier moments?
And so it goes...
