BANKRUPT BANKER
Schrenker sentenced to 10 years for securities fraud: "Former money manager Marcus Schrenker was sentenced to 10 years in prison in a Hamilton County courtroom Thursday after pleading guilty to securities fraud charges last month.
However, Schrenker, 39, a 1989 Merrillville High School graduate, will remain detained at a jail in Noblesville until a Superior Court status hearing Tuesday on the pending divorce with his wife, Michelle.
Judge Steven Nation accepted the plea deal, but said Schrenker must serve a sentence on the Indiana charges and his 4-year, 3-month federal prison sentence consecutively. Schrenker received the federal sentence last year after he bailed out of his plane before it crashed January 2009 in Florida"
