Judge orders Schrenker to pay restitution, fines-WEB ONLY

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An Indiana administrative law judge has ordered a Hamilton County money manager accused of trying to fake his death in a plane crash to pay $304,000 in restitution to bilked investors and $280,000 in state fines. Judge Douglas Webber’s order, made public today, comes two months after he heard from investors who said they lost hundreds of thousands of dollars by investing money with Marcus Schrenker. Schrenker was arrested in a Florida campground on Jan. 13, two days after officials say he put his plane on autopilot and bailed out to flee personal and financial problems.

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