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Former financial adviser faces sentencing in Fla.

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An Indiana money manager is headed to federal court for sentencing on charges that he deliberately crashed his plane to fake his death and flee financial ruin.

Marcus Schrenker, 38, pled guilty in June to placing a false aircraft distress call and intentionally crashing his airplane. The Fishers man faces sentencing at 10 a.m. Wednesday in U.S. District Court in Pensacola, Fla.

Court documents show sentencing guidelines range from 46 to 63 months in prison and payment of $871,000 in restitution for the aircraft. Indiana authorities intend to prosecute Schrenker on charges related to his financial dealings there.

Authorities say Schrenker in January put his plane on autopilot before it crashed in Florida’s Panhandle. They say Schrenker had parachuted into Alabama and was found two days later at a Florida campground.

Information from: The Indianapolis Star, http://www.indystar.com

© 2009 Associated Press. Displayed by permission. All rights reserved.

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