Thursday, January 22, 2009

Investor Fakes Death

I am not one to fallow the news much, but when I had heard this story; it really grabbed my attention. This story illustrates what our country is really coming to, when we read reports on how investors earn the trust of their customers and turn around and steal from them because of the way the economy is today. CNN.com says “A financial adviser from Indiana disappeared into the Alabama woods early Monday after faking a distress call and parachuting from a small plane that crashed in Florida”, Marcus Schrenker, 38 appeared to have up to three Indiana companies listed in his name and having one of them had a court order of $500,000 to him. This article also says “He told air traffic controllers that he was bleeding profusely and that the windshield of his Piper PA-46 turboprop had imploded. The control tower told him to try to land nearby, but instead he “appears to have intentionally abandoned the plane after putting it on autopilot over the Birmingham, Ala., area,” the police in Santa Rosa County said”, and it is people like this Marcus Schrenker that make me not know who to trust or what to believe.

I know that the economy is bad, and yet it still ceases to amaze me to see what people will still do for money and to see what our country is forcing people to do to get by. I am disgusted with what I have read, and I have a hard time understanding how people can fake their deaths and think that it is morally correct, or even ethical for that matter. I did enjoy reading the report that he was found and that he will be prosecuted for his wrong doings, and I was shocked to see that it was taken care of as quickly as they did. I usually see stories such as this one on television shows like unsolved mysteries.

If anyone would like to read about this story, you can go to CNN.com or click on this link ” http://www.nytimes.com/2009/01/13/us/13plane.html?_r=1”.

2 comments:

  1. I heard about this, but I hadn't heard all the facts about. It really is incredible that people will go to such lengths like faking deat just to get out of debt. I agree with you that this is someting right out of the movies. I hope that I never get into that much debt, but I like to think that if I do death won't be by only answer.
    I am glad he is being broughtt justice becuase if he would have gotten away with it there might be a lot more people all over faking their deaths. The world would be a mess if everytime someone got into trouble they just took on new identity.
    I also think this could have caused a lot more harm than it did. If that plane that he jumped out of would have crashed and killed someone he would have had a lot more to deal with than just his debt.

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  2. Very interesting article! I think it is crazy what people think they can do and get away with. It seems that people will do anything these days for quick cash. I for one would never even think about faking my death for money. The guy had to know that they would find the plane and no trace of him anywhere and put 2 and 2 together. I think there was barely any chance at all that he could have actually pulled this off.

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