Man kills serial pedophile
Tuesday, Jan. 13 2009 @ 3:27PM
See previous entry: "Marcus Schrenker's Fake-Out."Marcus Schrenker may have been a bad money manager, but so far, he's pretty good at being a fugitive. And he is officially a fugitive now. Felony charges have been filed against Schrenker by Indiana authorities -- he has been charged with "unlawful acts by a compensated adviser and unlawful transaction by an investment adviser."
Basically, investigators in Hamilton County, IN think Marcus Schrenker used his firms, Heritage Wealth Management, Heritage Insuarance and Icon Wealth Management to defraud investors. No one is calling this a Ponzi scheme per se, but hey -- there's still time.
Schrenker's getaway was also more well-planned than it seemed at first. Police in Alabama have determined that after the D.B. Cooper imitator vanished (again) from a South Alabama motel, he went to a storage unit where he'd secreted a motorcycle, took the bike and hit the road.
At this writing, he's still in the wind -- on the run from lawsuits, a pending divorce, and now these criminal charges.
I'd say chances are good that Schrenker is still in the South, and for all we know still using the pseudonym he trotted out when he checked into the Harpersville, Alabama motel from which he quickly fled: Jason Galoozis. I linked Schrenker to the Galoozis name in the previous entry, though I'm still not 100% sure of the relationship. The Galoozis in the obit wasn't Schrenker's father after all, but there was clearly some connection there.
In the "for what it's worth" dept. -- if you haven't checked out Schrenker's Heritage Wealth website as it appeared in 2005, you're missing out a bit on some insight into the guy and just how slick he really was. Go there, click the "Who we are" link and then at the bottom, click Schrenker's name. This will cue a video of a smooth-talking Schrenker vaguely explaining his company and how they care for their clients, yadayada. I haven't figured out how to pull down the video yet, or I'd just post it here. [CNN]
I am wondering if his wife is in any trouble. According the Heritage Wealth Management website she was the Chief Financial Officer. Not sure if she held the same position in his other companies. Was the filing of a divorce in December a move of convenience? It will be interesting to see how this plays out. I wonder why people who lie/cheat/steal always try to disappear and those that lost their life savings through these scumbags sometimes commit suicide. I guess if you are so dishonest that you can cheat innocent people you might just think you are above being punished, even by yourself. Just my curios opinion.
Posted 01/13/2009 at 06:38:04 PMI live in Fishers, IN, same town, although he lives in the Geist area, the more upscale part of town. His neighborhood is referred to as Cocktail Cove. Heh.
The whole area is abuzz with this story and rumors and speculation are flying.
You just can't make this kind of sh*t up.
Posted 01/13/2009 at 09:26:26 PMHow come when one person fakes his own death it gets national attention? When the government fakes the death of over one hundred people (ValuJet 592) The media doesn’t see the obvious. Just as in this single incident, there was no body so the po0lice and investigators got suspicious. When no bodies were recovered at the site of ValuJet flight 592, no one got suspicious. For more information on ValuJet, go to my site @ http://www.angelfire.com/ut/2f/.
Posted 01/14/2009 at 12:56:15 PM