Man Who Faked Death Receives 10-Year Jail Sentence

Law360, New York (October 8, 2010, 3:29 PM EDT) -- Marcus Schrenker, a financial manager best known for trying to fake his own death in a plane crash, has been sentenced to 10 years in state prison for defrauding investors out of about $1.5 million.

A judge in Hamilton, Ind., Superior Court sentenced Schrenker on Thursday, denying his request to serve his 10 years concurrently with a 51-month federal sentence.

However, because Indiana prisoners get two days of credit for every day served, Schrenker will likely spend no more than five years in jail over the...
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