Financial adviser indicted in plane crash

January 20, 2009 4:19:40 PM PST
An Indiana financial adviser has been indicted on federal charges that he intentionally crashed his airplane in Florida to try to fake his death. A federal grand jury Tuesday also indicted 38-year-old Marcus Schrenker with making a fake distress call. His arraignment is Thursday and he remains jailed.

Authorities say Schrenker had slashed his wrist before agents found him on Jan. 13 hiding at a campground near Tallahassee. They discovered him two days after his small plane crashed in a Florida panhandle swamp.

Authorities say he parachuted out over Alabama and fled on a stashed motorcycle.

In Indiana, he is charged with working as an investment adviser without being registered. He also is the subject of more than a half-dozen lawsuits in several states.