Marcus Schrenker tells Indiana officials he wasn't trying to fake his death with bailout over Shelby County

INDIANAPOLIS -- An Indiana money manager accused of bilking investors of hundreds of thousands of dollars denies he tried to fake his own death by bailing out over Alabama before his plane crashed and says his estranged wife had no part in any misdealings.

Marcus Schrenker sent a letter to Indiana authorities asking them to unfreeze the assets of his wife, who is listed as his company's chief financial officer. He also offers to make restitution in return for reduced charges.

Schrenker was arrested at a Tallahassee, Fla., campground on Jan. 13, two days after authorities say he put his plane on autopilot and jumped out over Shelby County, Alabama, landing along the Coosa River. He was facing mounting business and personal problems at the time.

He is being held in Florida on federal charges tied to the crash. He faces financial charges in Indiana.

Source: blog.al.com