Auction for Ind. financier who tried to fake death - WSFA.com Montgomery Alabama news.

Auction for Ind. financier who tried to fake death

Posted By: Alisha Clark

INDIANAPOLIS (AP) - Auctioneers are selling off items owned by a former Indiana money manager who tried to fake his death in a plane crash, including the motorcycle he used to flee after parachuting from his plane.

Hundreds of people turned out as Marcus Schrenker's belongings went up for bid Saturday in Indianapolis.

One attendee paid $28,000 for a $68,000 boat. But others were just curious about a man who investigators say abandoned his plane over Alabama, then used a motorcycle he'd stashed in a shed to elude authorities for two days. The plane crashed unmanned in a Florida swamp.

Schrenker is serving four years in prison for the 2009 crash. His securities fraud trial begins in October in Indiana. He's accused of bilking investors out of $1.5 million. He's pleaded not guilty.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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