Ind. money manager to be sentenced for intentionally crashing plane in Florida Panhandle

Man in Fla. plane crash mystery to be sentenced

PENSACOLA, Fla. — An Indiana money manager who pleaded guilty in June to federal charges of intentionally crashing his plane to fake his death and flee financial ruin will be sentenced Wednesday.

Marcus Schrenker’s single-engine Piper Malibu smashed into the ground behind a Florida Panhandle neighborhood after he bailed out over rural Alabama and allowed it drift on autopilot the night of Jan. 11.

In addition to Wednesday’s sentencing, Schrenker still faces millions of dollars in judgments and penalties related to his failed business dealings in Indiana. Officials in that state are waiting their turn to prosecute Schrenker.