Plane crash plotter to appear in Indiana court

[March 19, 2010]  NOBLESVILLE, Ind. (AP) -- A money manager who tried to fake his own death in a Florida plane crash will make a video appearance in court to face Indiana felony charges stemming from his financial dealings.

An initial hearing for 28-year-old Marcus Schrenker is scheduled before a Hamilton County magistrate Tuesday afternoon.

Schrenker faces 11 counts of securities fraud. Indiana prosecutors say Schrenker sold clients a nonexistent foreign currency fund, created false account information and used their money for personal expenses.

A federal judge in Pensacola, Fla., last month sentenced the suburban Indianapolis man to four years in prison on charges related to the Jan. 11 plane crash.

[Associated Press]

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