Investment Adviser jumps out of Cessna faking death over Florida

Court records show his wife, Michelle, filed for divorce a day before the searches. Gavin said the Indiana Securities Division obtained a temporary restraining order Monday freezing Marcus and Michelle Schrenker's personal assets, and the assets of the three companies.On Friday, two days before the crash, a federal judge in Maryland issued a $533,500 judgment against Heritage Wealth Management Inc., and in favor of OM Financial Life Insurance Co. The OM lawsuit contended Heritage Wealth Management should return more than $230,000 in commissions because of problems with insurance or annuity plans it sold

The Indiana Department of Insurance had filed a complaint against Schrenker on behalf of seven investors last January that claimed he cost them more than $250,000 because he never told them they would face high fees to switch annuities. Investors said he cozied up to their families — then betrayed them. "We've learned over time that he's a pathological liar — you don't believe a single word that comes out of his mouth," said Charles Kinney, a 49-year-old airline pilot from Atlanta who went to regulators on behalf of his parents, who invested $900,000 of their life savings with him

Schrenker was found at a campsite near Quincy, Florida, with "deep cuts on his wrists," according to a statement by a Florida-based U.S. Marshals Service task force. Schrenker was bleeding profusely when about 20 officers approached his tent, said Deputy U.S. Marshal John Beeman. Schrenker was treated at the scene and then taken to Tallahassee Memorial HealthCare, authorities said. Schrenker, who had been missing since Sunday, did not suffer life-threatening injuries and was being guarded at the hospital, Beeman said. Schrenker was charged in Hamilton County, Indiana, on Tuesday with unlawful acts by a compensated adviser and unlawful transaction by an investment adviser.