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Appeals Courts Rules Against Marcus Schrenker's Ex-Wife

Last updated on Wednesday, January 20, 2010

(FISHERS, IN) - A state appeals court has ruled against the ex-wife of embattled Fishers Investment Adviser Marcus Schrenker.

A court-appointed receiver must continue to control the assets of Michelle Schrenker.

Michelle had previously appealed a ruling from Hamilton Superior Court, arguing she had no knowledge of her husband's alleged criminal activity.

Marcus Schrenker is accused of misappropriating more than $1 million in investors' funds.

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