Schrenker trial delayed
Noblesville - A defense attorney and prosecutors have agreed to delay the trial on securities fraud charges of a former Indiana money manager who tried to fake his death by jumping from a small plane before it crashed in Florida.
Marcus Schrenker's attorney told a Hamilton County judge on Thursday that he was still awaiting information related to the case.
"We anticipate discovering individuals, items, documents that could be quite relevant to his defense," said Chadwick Hill, Schrenker's attorney.
Schrenker's defense team told a Hamilton county judge that they need to examine those documents before going to trial. Prosecutors, saying that they're ready for trial, didn't object to another delay in the case.
"As part of the investigation, a great deal of materials was collected through search warrants and other means and that's many volumes of files they need to go through both paper and digital," said Jeff Wehmueller, Hamilton County chief deputy prosecutor.
Schrenker was surprised to see Channel 13's camera Thursday morning, quickly ducking out of sight when he spotted our crew.
He was transported from the Hamilton County Jail where he has been in custody since last fall following his conviction in Florida. He was sentenced to over four years in prison for intentionally crashing his plane in Florida after parachuting to safety in Alabama.
In Indiana, Schrenker is accused of defrauding investors out of $1.5 million. He faces nine counts of securities fraud and two counts of working as an investment adviser without a license. He faces up to 88 years in prison.
Last week, an appeals court ruled against Schrenker's estranged wife who was seeking to have the couple's assets released after they were frozen by a judge last year.
With his attorney saying that Schrenker is ready to prove his innocence, the disgraced former money manager's day in court won't likely come soon.
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