Man who tried to fake death pleads guilty to fraud
Criminal Law
An Indiana money manager who once led a high-flying lifestyle pleaded guilty to five securities fraud counts on Wednesday, nearly two years after he tried to fake his death in a Florida plane crash to escape the crush of financial and personal problems.
Marcus Schrenker, 39, admitted the charges in a plea agreement under which he agreed to a 10-year prison sentence and prosecutors dropped four other charges. He also agreed to pay more than $600,000 in restitution. Prosecutors say he bilked friends, family members and other investors of more than $1 million.
He will remain in jail until his Oct. 7 sentencing, when Hamilton Superior Court Judge Steven Nation is expected to rule whether Schrenker serves the sentence at the same time as a federal sentence or afterward.
Schrenker, shackled at his wrists and ankles and wearing an orange jail T-shirt emblazoned with "Inmate 453" on its back in large black letters, told Nation he has been diagnosed with bipolar disorder and has taken medication for it since 1992.
His attorney, P. Chadwick Hill, said afterward that Schrenker didn't blame the disorder for his actions.
Related listings
-
Defendant pleads guilty in NJ in $880M fraud case
Criminal Law 09/15/2010A Florida man has pleaded guilty in New Jersey to running a multistate Ponzi scheme that prosecutors say left investors with about $80 million in losses.Nevin Shapiro admitted in a Newark federal courtroom Wednesday to using Florida-based Capitol Inv...
-
Accused gunman in hospital standoff due in court
Criminal Law 09/08/2010A former Army soldier accused of taking workers hostage at a Georgia military hospital is scheduled to make his first appearance in federal court in Savannah.Federal prosecutors charged Robert Anthony Quinones on Tuesday with assault and kidnapping i...
-
Flight attendant in passenger tiff due in N.Y. court
Criminal Law 09/07/2010A former JetBlue flight attendant accused of cursing out an airplane passenger and then sliding down an emergency exit chute is due in a New York City courtroom. Steven Slater is scheduled to appear today for a routine hearing on criminal-mischief ch...
Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.
Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.
Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:
• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements
For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.