Bailout Pilot Pleads Guilty

 - June 30, 2009, 5:40 AM

Marcus Schrenker, who attempted to fake his own death on January 11 by parachuting from a Piper Meridian, pleaded guilty last month to charges stemming from the incident. At the time, the money manager was being sought for financial fraud charges in Indiana; he has since been charged with financial fraud and is still facing trial on these charges. The Meridian eventually crashed in a wooded area near Milton, Fla., but didn’t cause any injuries on the ground or property damage.