Missing Pilot To Pay Back Costs

Florida Alabama Marcus Schrenker may be forced to pay back costs accrued as a result of his false distress call.

by Jessica Taloney

Published: Tue, January 13, 2009 - 11:40 am CST Last Updated: Tue, January 13, 2009 - 11:59 am CST

The missing pilot, who investigators say faked a distress call before parachuting out of his airplane, may be forced to pay back the costs accrued during the emergency response.

The US Coast Guard is working to calculate a list of expenses to present to the US Attorneys Office, according to Petty Officer Tom Atkeson, a spokesman for the Eighth Coast Guard District in New Orleans.

Marcus Schrenker, 38, was flying from Anderson, Indiana to Destin, Florida when he radioed air traffic controllers near Birmingham claiming his windshield imploded. Schrenker told controllers he was bleeding profusely and needed emergency help.

Investigators believe the call was part of Schrenker's plot to avoid a fraud investigation involving a wealth management company he owned in Indiana. According to the Santa Rosa County Sheriff's Office, Schrenker put his plane on auto-pilot, then parachuted out somewhere near Childersburg, Alabama. The plane crashed shortly after 9:00 pm Sunday in a swampy area in East Milton, Florida.

Schrenker is still on the run. He was last seen early Monday morning leaving a hotel in Harpersville, Alabama.

The Gulf Coast Regional Fugitive Task Force division of the US Marshals Service is involved in the search for the Indiana businessman.

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mustuknow Says:

Tue, Jan 13, 2009 at 9:43 pm

Well considering all his assests both personal and business have been frozen, the secured creditors are going to get their money first and I would be willing to bet that he does not have enough assets to cover what he has swindled out of his clients.

myopinion Says:

Tue, Jan 13, 2009 at 9:39 pm

I’m sure they have a BMW or two they could sell. Of course, he probably bought those cars with someone elses money anyway.

mustuknow Says:

Tue, Jan 13, 2009 at 9:35 pm

Good Luck getting any money from this SOB.