Indiana man who crashed plane is sentenced

October 7, 2010 (NOBLESVILLE, Ind.)

Prosecutors say Marcus Schrenker of Indianapolis jumped out of a small plane with a parachute last January, allowing the plane to crash in Florida.

The 39-year-old was found two days later at a campground.

Schrenker pleaded guilty to securities fraud charges and agreed to a 10-year prison sentence. He has already been sentenced to four years for crashing the plane.

Prosecutors say Schrenker stole about $1.1 million from investors to finance his lavish lifestyle.

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