Illinois Injury Attorney Blog

A Hamilton County Indiana Judge agreed to freeze the assets of pilot and Indianapolis businessman, Marcus Schrenker, 38, following an alleged attempt to fake an emergency with his single engine airplane, and then parachute from it before it crashed in a swampy area a few hundred yards from a residential neighborhood in the Florida panhandle.

According to police, Schrenker's financial businesses were under investigation by the Indiana Department of Insurance. Preliminary investigations indicate that Schrenker exited his small plane before it crashed, and later checked into a hotel in Alabama under a fake name before putting on a black cap and fleeing into nearby woods.

According to local media reports, the US Marshall's office has been dispatched to locate Schrenker; however, details of the search were not yet being released to the public. Airport officials at the Anderson Municipal Airport in Anderson, Indiana, indicated that Schrenker left the airport by himself on Sunday in a six-seater Piper PA-46. At the time of the incident, records indicate that Schrenker was president of three Indianapolis financial agencies called Heritage Wealth Management, Heritage Insurance Services, and Icon Wealth Management, all Indianapolis based organizations sharing the same address. According to the Indiana Secretary of State's Office, those three companies were under investigation for possible securities violations at the time of Schrenker's disappearance.

Officials believe the plane crashed at 9:15 p.m. CT on Sunday in a swampy area off the Blackwater River in East Milton, Florida. According to reports, Schrenker made a distress call to air traffic controllers indicating that the window of his plane had imploded and he was bleeding profusely. Controllers tried to tell the pilot to divert the flight to Pell City, Alabama, but he did not respond.

After the call came in, military aircraft were dispatched to intercept the plane. The pilots spotted the Piper and deployed flares to illuminate the plane as it was flying, but noticed that its door was open and the cockpit was dark. Meanwhile, Schrenker was reportedly more than 220 miles north of the crash site in Alabama. Officials in Florida received a call on Monday from the Childersburg, Alabama Police Department indicating that a white male fitting the description of Schrenker had approached a Childersburg's police officer, and indicated that he had been in a canoeing accident with friends. According to reports, Schrenker's pants were wet from the knees down. According to a police news release, Schrenker also had parachuting goggles and his own Indiana Driver's License with him.

At the time Schrenker approach them, Childersburg police had not been advised of the plane crash. Per his request, they took Schrenker to a nearby hotel. When reports of the crash came in, police went back to the hotel and entered Schrenker's room but he had already left. According to hotel staff, Schrenker paid for the room with cash and checked in with a fake name.