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Schrenker's Home And Plane Can Be Sold

Last updated on Wednesday, June 3, 2009

(NOBLESVILLE) - A Hamilton County judge says the home and airplane of a failed financial adviser can be sold.

Thirty-eight-year-old Marcus Schrenker was arrested in January after his small plane crashed in the Florida panhandle.

Investigators say Schrenker was trying to fake his death.

He parachuted from the plane before it crashed.

He is accused of bilking investors out of hundreds of thousands of dollars.

The judge has ruled Michelle Schrenker, the defendant's wife, can stay in the couple's home until June 6.

He has also ruled that Schrenker's stunt plane can be sold.

Court documents indicate a lien of about $950,000 has been placed against the Geist-area home.

Schrenker is being held in Florida where he is expected to go to trial next week in federal court. I

Indiana officials are waiting for his Florida court proceedings to wrap up before moving forward with the local court case.

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