WEBVTT - Bad Boy Book Buddies: Marcus Schrenker and Matthew Cox 0:00:00.480 --> 0:00:05.680 Ridiculous Crime is a production of iHeartRadio zeren How you doing. 0:00:05.840 --> 0:00:07.960 You're doing pretty good? Fun to see you, I know it. 0:00:07.920 --> 0:00:09.520 It's so fun to see me too. 0:00:09.240 --> 0:00:13.160 I know everybody says it. I love to see Elizabeth. 0:00:13.440 --> 0:00:16.000 Do you know what's articulous? I do my jazz album collection, 0:00:16.160 --> 0:00:18.799 not that because I start that wrong, not the album 0:00:18.880 --> 0:00:21.400 collection itself, but I was going through it, and I 0:00:21.400 --> 0:00:24.560 don't mean like, well, I'll put it this way. The covers, yeah, 0:00:24.600 --> 0:00:26.680 And I was like, these covers are amazing. Some of 0:00:26.760 --> 0:00:28.120 these covers are. I mean I'm not just like the 0:00:28.160 --> 0:00:30.640 cool ones. I mean some of have iconic photography, Blue 0:00:30.640 --> 0:00:33.440 Note records. I'm not talking about that. I'm talking like 0:00:33.479 --> 0:00:36.280 even Later. And also I don't mean like Herb Alpert's 0:00:36.320 --> 0:00:38.519 Whoped Cream and other Delights, right, I don't mean like, oh, 0:00:38.600 --> 0:00:41.760 vaguely sexualized imagery. I'm talking about like Count Basie just 0:00:41.840 --> 0:00:45.400 dropping an album cover that is an atomic bomb going off. 0:00:46.560 --> 0:00:49.360 I got that one right. But then there's other ones. 0:00:49.360 --> 0:00:53.000 There's like Mingus dressed like a Chinese emperor. Right, He's 0:00:53.000 --> 0:00:57.120 just got a flowing gold robes dress against the dragon 0:00:57.200 --> 0:01:00.240 wall that's also gold. But you can take like old 0:01:00.240 --> 0:01:03.400 Man Coleman Hawkins the Hawks still tough, right, and he's 0:01:03.480 --> 0:01:07.240 I'm blowing so tough, I blow smoke and the photo 0:01:07.840 --> 0:01:10.640 him just blowing plumes of smoke like an angry dragon 0:01:10.720 --> 0:01:13.200 out of his nose or one of my favorites Eddie 0:01:13.240 --> 0:01:16.720 Harris and producer to be on this one. The reason 0:01:16.760 --> 0:01:20.400 why I'm talking and that's the name of the album. 0:01:21.120 --> 0:01:21.880 Is in the street. 0:01:22.040 --> 0:01:25.000 That's his broken saxophone case he smashed down. He just 0:01:25.040 --> 0:01:27.560 got his saxophone left and he's like coming at the 0:01:27.600 --> 0:01:29.000 camera like sures. 0:01:29.080 --> 0:01:30.920 You've got to make sure we put all of this 0:01:31.120 --> 0:01:35.840 on Instagram. They put the what's ridiculous stuff in the stories. 0:01:36.640 --> 0:01:38.600 It's not on the regular posts. So that's why you 0:01:38.680 --> 0:01:41.240 got to check the posts and the stories on inst. 0:01:41.120 --> 0:01:45.119 There you go the hard way. Yeah, so boom, isn't 0:01:45.120 --> 0:01:48.040 that ridiculous? I was like this album collect I should 0:01:48.040 --> 0:01:50.840 put these on my wall facing each other. 0:01:51.760 --> 0:01:54.800 The freak flex open it up exactly. Do you want 0:01:54.800 --> 0:01:55.880 to know what else is ridiculous? 0:01:56.280 --> 0:01:56.600 Please? 0:01:56.880 --> 0:01:59.960 Going to jail and writing about other people's crimes. 0:02:00.080 --> 0:02:01.200 Oh, that's a spin. 0:02:21.440 --> 0:02:26.440 This is Ridiculous Crime, a podcast about absurd and outrageous capers. 0:02:26.560 --> 0:02:30.160 Heis and cons it's always ninety nine percent murder free 0:02:30.160 --> 0:02:32.559 and one hundred percent ridiculous. 0:02:32.960 --> 0:02:35.200 Yeah, oh that was good. 0:02:35.360 --> 0:02:36.160 Did that hurt a little? 0:02:36.360 --> 0:02:38.520 No? No, I felt good. I was releasing something nice. 0:02:39.800 --> 0:02:44.280 I have two Volgo financial scammers for you today. 0:02:44.360 --> 0:02:44.640 Okay. 0:02:44.720 --> 0:02:49.519 Yeah, they have somewhat parallel storylines that then intersect. Wow, 0:02:49.560 --> 0:02:52.040 look at you, I know, look at me, so creative 0:02:52.320 --> 0:02:55.000 and along the ways erin Yes, ridiculousness. 0:02:55.000 --> 0:02:56.480 Oh my god, the adventure awaits. 0:02:56.680 --> 0:02:59.320 So I'm going to start us off with Marcus Schrenker. 0:02:59.600 --> 0:02:59.919 Okay. 0:03:00.320 --> 0:03:04.240 And he was born in nineteen seventy in Warsaw, Indiana. 0:03:04.560 --> 0:03:07.120 Yay, nice, a little fake out. 0:03:06.960 --> 0:03:08.200 I amost threw me. 0:03:08.360 --> 0:03:10.960 He's a good Midwestern boy, thank you so much. Good 0:03:11.000 --> 0:03:14.160 one Midwestern by, very ambitious and driven. He went to 0:03:14.160 --> 0:03:17.800 Purdue he got a uh business degree. Yeah, and then 0:03:17.840 --> 0:03:21.880 while he was there he added another interest to his retinue, 0:03:22.240 --> 0:03:24.440 aviation light. 0:03:24.960 --> 0:03:25.440 Yeah. Yeah. 0:03:25.880 --> 0:03:28.400 So like he gets out of college, he marries a 0:03:28.440 --> 0:03:32.320 former cheerleader. They get they live in this suburb of Indianapolis. 0:03:32.680 --> 0:03:37.560 He's this successful business like investment consultant guy, all the 0:03:37.600 --> 0:03:42.080 trappings of that lifestyle. So this is giant house, fancy cars, 0:03:42.640 --> 0:03:47.360 expensive suits. He's got boats, planes, a plane he can 0:03:47.400 --> 0:03:48.440 fly all by himself. 0:03:48.480 --> 0:03:50.520 Are you kidding me? And this is all like Indiana 0:03:50.640 --> 0:03:52.040 late nineties percent? 0:03:52.160 --> 0:03:57.360 Yeah. So, according to CBS News quote, at thirty eight, 0:03:57.760 --> 0:04:01.880 he controlled an impressive slate of business through his Heritage 0:04:01.920 --> 0:04:08.360 Wealth Management Incorporated, Heritage Insurance Services Incorporated, and Icon Wealth Management. 0:04:08.680 --> 0:04:13.280 He was responsible for providing financial advice and managing portfolios 0:04:13.360 --> 0:04:17.360 worth millions. Look at him, Look at him. He told 0:04:17.360 --> 0:04:20.000 his clients that he would take the standard one percent 0:04:20.120 --> 0:04:22.640 management fee and he would only make money if they 0:04:22.640 --> 0:04:23.200 made money. 0:04:23.360 --> 0:04:25.320 Is that the standard? I don't have the money manager. 0:04:25.600 --> 0:04:27.320 Who knows? Perhaps I don't know. 0:04:27.360 --> 0:04:29.320 My money manager is gravity. 0:04:29.000 --> 0:04:33.599 My money manage. My money manager is my wallet in 0:04:33.680 --> 0:04:36.080 my pocket book. There you go, and the ATM card. 0:04:36.960 --> 0:04:38.720 So here's here's what he really did. 0:04:38.760 --> 0:04:38.960 Though. 0:04:39.240 --> 0:04:41.920 He put their money into annuities and he took huge 0:04:41.920 --> 0:04:45.360 commissions from that. So then if they wanted to cash 0:04:45.360 --> 0:04:48.080 out and get their money back, they owed these massive 0:04:48.240 --> 0:04:52.760 surrender fees on the annuities. Or if Schranker took the 0:04:52.839 --> 0:04:55.640 money out as the broker, they'd still be on the 0:04:55.640 --> 0:04:59.400 hook for the surrender fees and for cashing that policy out. Early, 0:04:59.440 --> 0:05:01.440 because this is this is how annuities work, right. 0:05:01.600 --> 0:05:02.200 I don't quite know. 0:05:02.320 --> 0:05:05.520 It's a neither do I. It's a contract that's issued 0:05:05.560 --> 0:05:09.239 and distributed by an insurance company, so the insurance company 0:05:09.279 --> 0:05:12.800 pays out income to the purchaser of the contract. So 0:05:12.839 --> 0:05:16.120 it's like life insurance, but the payout isn't after you die, 0:05:16.839 --> 0:05:20.159 So annuities they're generally used for retirement income. Like you 0:05:20.240 --> 0:05:23.320 pay in and then you get the payments regularly when 0:05:23.360 --> 0:05:25.920 you retire, and that makes sure you don't run out 0:05:25.960 --> 0:05:26.400 of money. 0:05:26.640 --> 0:05:27.960 Yeah, okay, I've heard of these. 0:05:28.560 --> 0:05:29.720 I'm not entirely sure. 0:05:29.880 --> 0:05:31.960 They advertise these on my old radio shows like for 0:05:32.120 --> 0:05:35.200 Back in the Day like I've started in nineteen twenty eight. 0:05:35.279 --> 0:05:36.880 There are two things I need to say about my 0:05:36.920 --> 0:05:40.520 complete ignorance surance. One, I would like for my mother 0:05:40.720 --> 0:05:44.080 not to call and berate me on the fact that 0:05:44.160 --> 0:05:49.799 I have financial illiteracy and she teaches business law. She's 0:05:49.839 --> 0:05:54.719 a formidable business lawyer. Yeah, sorry, mom, I don't know 0:05:54.760 --> 0:05:57.279 what an annuity is. And also, anyone listening in on 0:05:57.320 --> 0:05:59.560 this conversation, I honestly don't care, so don't try and 0:05:59.560 --> 0:06:00.080 explain the. 0:06:00.240 --> 0:06:02.400 Know lottery winners they try to like flip them to 0:06:02.440 --> 0:06:04.440 get them to take the annuity, right. And then also 0:06:04.440 --> 0:06:06.360 people who get big settlements, they try to take their 0:06:06.360 --> 0:06:10.400 settlements and get them like we'll give you ye scheme. 0:06:10.440 --> 0:06:12.880 It seems like you get this lump sum like that 0:06:12.960 --> 0:06:16.760 you hand over and you're basically investing it. It's locked in. 0:06:16.960 --> 0:06:19.760 Yeah, they're taking that those payments at whatever rate they 0:06:19.760 --> 0:06:20.080 get up. 0:06:20.160 --> 0:06:22.960 When people explained financial stuff to me, it's like when 0:06:22.960 --> 0:06:28.080 they explain board game directions or card game, I'm like, okay, whatever. 0:06:27.880 --> 0:06:30.320 Well you ever heard like when things just like flat out, 0:06:30.360 --> 0:06:32.800 like on the sound thing, it just turns into white noise, Like, yes, 0:06:33.120 --> 0:06:35.640 that's what happens. People start talking about money. 0:06:35.800 --> 0:06:38.120 I don't know. So most of his clients, though, right, 0:06:38.160 --> 0:06:40.200 they're like us, They have no idea what they're buying. 0:06:40.320 --> 0:06:41.320 Good suckers like us. 0:06:41.360 --> 0:06:44.200 Yeah, they thought they were doing straight up market investments, 0:06:44.400 --> 0:06:49.320 which I understand that foreign currency investments. Sometimes he called 0:06:49.320 --> 0:06:53.960 them insurance products. It was vague enough so it to 0:06:54.040 --> 0:06:55.760 sound good to like those like me. 0:06:55.839 --> 0:06:57.599 You don't that term out there. I don't really know. 0:06:57.839 --> 0:07:01.560 It's not that I know that derived from other. 0:07:01.920 --> 0:07:04.400 I think you're like betting, got a bet basically. 0:07:05.120 --> 0:07:07.360 Or we're gonna give you a PI that mom. 0:07:07.520 --> 0:07:12.720 I'm so sorry. Sorry, You're not the failure. I'm the failure. Okay, 0:07:12.720 --> 0:07:15.720 so Shrinker he picked up most of his clients via 0:07:15.760 --> 0:07:20.240 word of mouth. Okay, this one guy, Joe Mazzone from Alabama. 0:07:20.320 --> 0:07:23.679 He told CNN quote, when you're a pilot, you trust, 0:07:24.080 --> 0:07:26.360 that's what you do and what you're used to doing. 0:07:26.720 --> 0:07:30.320 His modus operendi is he flies into your city dressed 0:07:30.400 --> 0:07:33.280 up in a thousand dollars suit and sits down with you, 0:07:33.320 --> 0:07:35.320 buys you lunch, and the next thing you know, he 0:07:35.400 --> 0:07:37.720 has you on his side and you move your money 0:07:37.760 --> 0:07:41.080 to his Heritage Wealth Management. He's a schmoozer. 0:07:41.240 --> 0:07:42.720 Another enclassic con artist. 0:07:42.800 --> 0:07:47.560 Yeah yeah, Charles Kinney he befriended Shranker in nineteen ninety six, 0:07:47.640 --> 0:07:49.280 and then he bought in with him in like two 0:07:49.320 --> 0:07:51.800 thousand and three, and then he got his parents to 0:07:51.840 --> 0:07:54.280 buy in to the tune of two million dollars. 0:07:54.680 --> 0:07:54.920 I know. 0:07:55.320 --> 0:07:59.120 He told CNN quote, this guy was family to me. 0:07:59.640 --> 0:08:04.440 He's a fantastic nice guy. He's well spoken. His customer 0:08:04.520 --> 0:08:07.800 service was impeccable. You call the guy on the phone, 0:08:07.840 --> 0:08:10.040 you would get him. He told my parents that they 0:08:10.080 --> 0:08:13.440 were investing in various insurance products, but they didn't really 0:08:13.480 --> 0:08:14.239 know what that meant. 0:08:15.040 --> 0:08:16.080 I didn't really know either. 0:08:16.720 --> 0:08:19.640 We trusted him. He said, this is a safe place 0:08:19.680 --> 0:08:22.200 to put money to avoid all the world's dangers like 0:08:22.400 --> 0:08:26.040 terrorism and impending doom and gloom associated with it in 0:08:26.080 --> 0:08:29.200 that climate. Back then, you bought it. You believed him 0:08:29.240 --> 0:08:30.520 that he would protect your money. 0:08:30.600 --> 0:08:33.000 You think it's also leaving out tax shelters. 0:08:33.280 --> 0:08:35.720 Two thousand and three, He's like, look after the towers 0:08:35.720 --> 0:08:37.800 phone to protect your money. 0:08:37.880 --> 0:08:39.600 I thought they were going to hit banks with planes and. 0:08:39.640 --> 0:08:41.400 To just quickly give me everything. 0:08:44.440 --> 0:08:47.840 Planes get it. 0:08:47.960 --> 0:08:51.560 Yeah, there's this Delta pilot and investor Dave Smith. He 0:08:51.600 --> 0:08:56.160 told CNBC quote, there's nothing more scary than having seven 0:08:56.240 --> 0:08:59.360 figures of money and not knowing what to do with it. Like, okay, 0:08:59.400 --> 0:09:02.960 I'll be scared. What kind There's so many, so many 0:09:03.800 --> 0:09:05.839 more than that, Like I come here, I'll show you. 0:09:06.000 --> 0:09:08.960 Like like it's literally that there are fewer things scarier than. 0:09:08.880 --> 0:09:14.559 That seven figures. So much the other side, like, yeah, 0:09:14.640 --> 0:09:15.640 he's new here. 0:09:15.679 --> 0:09:18.520 I could take up a billionaires giving him. They're scarier 0:09:18.559 --> 0:09:21.719 than that. It's like a bubba gump ship thing or 0:09:21.840 --> 0:09:23.119 just naming things. 0:09:23.280 --> 0:09:26.439 He goes on. So I started asking around, Hey, do 0:09:26.480 --> 0:09:28.760 you guys have a guy that's doing your money? Like, 0:09:28.880 --> 0:09:29.720 let's let's ask. 0:09:29.600 --> 0:09:34.720 Our friends that's doing your money. They're like printing it. 0:09:34.800 --> 0:09:37.360 And one of my favorite co pilots said, I would 0:09:37.360 --> 0:09:39.679 trust him with my kids. That's how much I trust 0:09:39.760 --> 0:09:43.640 this guy. And I said, who was that guy? It 0:09:43.679 --> 0:09:44.840 was Marcus Shrinker? 0:09:45.240 --> 0:09:45.920 What that mask? 0:09:46.240 --> 0:09:48.320 Because the man that you trust with your kids, I 0:09:48.440 --> 0:09:55.400 feel sorry for your kids. The kids are all as 0:09:55.440 --> 0:09:58.920 a measure of your trust. So Smith he put all 0:09:58.960 --> 0:10:01.839 of his savings into to investment with Shrinker, but then 0:10:01.920 --> 0:10:04.040 he found out that he was locked into a twenty 0:10:04.040 --> 0:10:07.560 five year annuity and that Schranker had withdrawn thirty percent 0:10:07.559 --> 0:10:11.000 of his money twenty year. Yeah, so he gets charged. 0:10:11.040 --> 0:10:14.640 Smith gets charged a sixty six thousand dollars surrender fee 0:10:14.640 --> 0:10:17.679 for early withdrawal. And on top of that, it turns 0:10:17.679 --> 0:10:21.160 out that Schranker was moving Smith's money from one annuity 0:10:21.200 --> 0:10:23.600 to the next, and every time he did it, he 0:10:23.679 --> 0:10:26.560 made a thirteen percent commission on it, and then it 0:10:26.640 --> 0:10:30.600 incurred more surrender fees for the clients. It's like shedding 0:10:30.720 --> 0:10:33.520 bits on that, but then what the hell? Yeah, so 0:10:33.960 --> 0:10:37.400 complaints started coming into authorities where these investments were based, 0:10:37.440 --> 0:10:41.000 like Indiana, Georgia. But then he'd switch his licensing to 0:10:41.120 --> 0:10:43.559 new states, and that would create confusion about who was 0:10:43.600 --> 0:10:47.960 supposed to monitor him. According to CNBC quote, Georgia's insurance 0:10:47.960 --> 0:10:51.160 department worked with five people who filed complaints over Schrenker's 0:10:51.200 --> 0:10:54.880 handling of annuities. The department eventually obtained two point five 0:10:54.920 --> 0:10:58.800 million dollars in refunds for the investors working with insurance 0:10:58.800 --> 0:11:02.559 companies that issued those annuities. By the time Georgia officials 0:11:02.640 --> 0:11:06.400 notified Indiana about Shranker in April two thousand and seven, 0:11:06.720 --> 0:11:10.360 he had already withdrawn his Georgia insurance license. A group 0:11:10.400 --> 0:11:13.839 of relatives and friends led by Kenny Next, raised concerns 0:11:14.120 --> 0:11:17.640 in Kentucky, where Shranker withdrew his license in December two 0:11:17.679 --> 0:11:22.160 thousand and seven. Indiana Insurance Commissioner Jim Alderholtz said Schranker, 0:11:22.200 --> 0:11:25.319 who had obtained an Indiana license in the interim, created 0:11:25.360 --> 0:11:29.040 confusion by pulling the out of state licenses. Please note 0:11:29.520 --> 0:11:33.560 it was a group of relatives and friends, so he 0:11:33.679 --> 0:11:35.079 was bilking his own family. 0:11:35.240 --> 0:11:35.840 Oh my god. 0:11:36.200 --> 0:11:39.520 Yeah, he got nine clients, including a friend of ten 0:11:39.640 --> 0:11:42.760 years and his own aunt, out of about one point 0:11:42.800 --> 0:11:46.200 five million. And that's just a fraction of the scheme. 0:11:46.320 --> 0:11:46.720 Everything. 0:11:47.480 --> 0:11:50.360 Yeah, everything starts to fall apart when the economy tanks. Though. 0:11:52.160 --> 0:11:54.280 Investors were like, look, I want to put my money 0:11:54.320 --> 0:11:57.640 somewhere safer. Hey, pal, I trust you with my kids. 0:11:58.320 --> 0:12:01.719 Watch my kids while I'll get my money back. So 0:12:01.920 --> 0:12:04.640 in two thousand and eight, Shrinker he lost five hundred 0:12:04.640 --> 0:12:08.000 thousand dollars in judgment against one of his companies. That 0:12:08.120 --> 0:12:10.280 was against one of his companies when he missed a 0:12:10.360 --> 0:12:14.800 court hearing. What Yeah, so this triggers and investigators. They 0:12:14.800 --> 0:12:16.720 go to search his home and his office and look 0:12:16.760 --> 0:12:20.880 into possible securities violations. He starts spinning out. This is 0:12:20.920 --> 0:12:23.120 an email he sent to one of his clients quote, 0:12:23.520 --> 0:12:26.320 I walked out on my job about thirty minutes ago. 0:12:26.720 --> 0:12:30.880 My career is over over one letter in a trade error. 0:12:31.000 --> 0:12:33.120 One letter. I've had so many people yelling at me 0:12:33.160 --> 0:12:35.480 today that I couldn't figure out what was up or down. 0:12:35.559 --> 0:12:38.840 I still can't figure it out. Okay. So his wife 0:12:38.880 --> 0:12:41.800 files for divorce. She said that it was because he 0:12:41.840 --> 0:12:43.319 was cheating on her, not the criming. 0:12:43.520 --> 0:12:45.560 Oh ca see do we believe her? 0:12:45.600 --> 0:12:48.280 Well? Yeah, because when their house was being searched, he 0:12:48.400 --> 0:12:50.880 wasn't home, but she was. And then she found out 0:12:50.920 --> 0:12:53.520 that where was he. Oh he's in Florida with his girlfriend. 0:12:53.880 --> 0:12:58.000 Oh girl, She's like yeah, hold, what a devastation for her. 0:12:58.120 --> 0:12:59.760 I know, this is everything all around. 0:13:00.679 --> 0:13:02.240 So he had to get out of this, and as 0:13:02.280 --> 0:13:05.120 a true coward, he couldn't own up to what he'd done. 0:13:05.360 --> 0:13:08.760 He crafted a plan. Saren close as. 0:13:10.760 --> 0:13:11.080 Picture. 0:13:12.160 --> 0:13:15.679 It's January eleventh, two thousand and nine. You are an 0:13:15.720 --> 0:13:19.480 Air Force pilot. You fly an F fifteen fighter jet 0:13:19.520 --> 0:13:23.559 and your call sign is Dizzy. You and a fellow pilot, Viper, 0:13:23.880 --> 0:13:27.280 have been scrambled into action. Seems there's a Piper PA 0:13:27.400 --> 0:13:31.640 forty six near Birmingham, Alabama that's in distress, causing a danger. 0:13:32.280 --> 0:13:35.199 You are scurrying across the runway to your jet, fastening 0:13:35.280 --> 0:13:38.160 your helmet, saying a silent prayer to Saint Christopher for 0:13:38.280 --> 0:13:42.360 protection like you always do. Viper is alongside you, shouting 0:13:42.360 --> 0:13:44.880 out the lyrics to Party in the USA and skipping 0:13:44.960 --> 0:13:48.720 high into the air. The Piper took off from Anderson, Indiana, 0:13:48.760 --> 0:13:52.720 headed for destined, Florida. It had contacted air traffic Control, 0:13:52.800 --> 0:13:55.840 saying that the windshield had imploded and the pilot was 0:13:55.880 --> 0:13:58.839 injured and bleeding profusely. He said he wasn't going to 0:13:58.920 --> 0:14:02.480 make it. Right After that transmission, the Piper leveled off 0:14:02.679 --> 0:14:05.560 and remained at thirty five hundred feet. You and your 0:14:05.640 --> 0:14:08.120 jet buddy are now screaming through the air, headed to 0:14:08.160 --> 0:14:12.400 intercept the Piper. You see it up ahead, Fox Trot fifteen. 0:14:12.480 --> 0:14:16.680 I have visual contact round piper, Viper, responds Roger. That 0:14:16.800 --> 0:14:20.360 Eagle three approaching on the left. Be aware, he answers 0:14:20.400 --> 0:14:24.200 you confirm, I'll take right. You surround the Piper. As 0:14:24.200 --> 0:14:27.000 you look over, you see that the plane's windshield is intact, 0:14:27.280 --> 0:14:31.560 Plus the door is open. Negative for pilot. Talk to me, Dizzy, Viper, 0:14:31.560 --> 0:14:36.680 says Roger. Duck. You radio air traffic Control, Dizzy. 0:14:36.360 --> 0:14:37.360 To Range Control. 0:14:37.560 --> 0:14:41.520 Entering Point Alpha Range. You tell them about what you've seen, 0:14:41.720 --> 0:14:44.720 and the craft appears to be on autopilot. They advise 0:14:44.760 --> 0:14:47.520 you to continue following the Piper until the fuel runs 0:14:47.520 --> 0:14:50.720 out and you side. Then near the Blackwater River in 0:14:50.760 --> 0:14:54.360 East Milk, Florida, the plane crashes just shore to some 0:14:54.440 --> 0:14:57.760 houses by seventy five yards. You and Viper look down 0:14:57.760 --> 0:14:59.960 at the wreckage, then turn back and head for bait. 0:15:00.840 --> 0:15:06.240 Let's go play some dog site football. Vicker Roger bed, Yes, 0:15:07.600 --> 0:15:10.920 thank you, You're so welcome. So the authorities showed up 0:15:10.920 --> 0:15:12.520 on the ground, check out the record. 0:15:12.720 --> 0:15:15.960 I've bend to Deston and Milton, Florida. I know these towns. 0:15:16.360 --> 0:15:17.800 I know, I know Florabama. 0:15:17.960 --> 0:15:20.240 You do well? Do you have you have you crashed 0:15:20.240 --> 0:15:20.720 a plane there? 0:15:20.800 --> 0:15:23.400 Not yet, I'm waiting, give me time. 0:15:23.680 --> 0:15:26.480 So the authorities they show up, They check out the wreckage. 0:15:26.560 --> 0:15:30.040 Plane smashed up, but the windshield and the wind screens 0:15:30.040 --> 0:15:35.040 were not damaged and there was no blood inside. Inside 0:15:35.040 --> 0:15:37.640 the wreckage of the plane, though, they found handwritten notes 0:15:37.720 --> 0:15:40.880 on the inside back cover of a campground book, and 0:15:40.920 --> 0:15:45.240 it said stuff like windshield is spider cracking, doors open, 0:15:45.760 --> 0:15:49.600 bleeding very bad and graying out. They're like script notes. 0:15:49.760 --> 0:15:53.960 So was he planning unlike that, not getting caught That 0:15:54.000 --> 0:15:55.640 wasn't supposed to be like his notes of like, oh 0:15:55.760 --> 0:15:59.400 I'm leaving what notes I can going down his notes 0:15:59.440 --> 0:15:59.960 for the radio. 0:16:00.400 --> 0:16:03.040 Yeah, they start to piece everything together. See obviously he 0:16:03.120 --> 0:16:03.880 jumped from the plane. 0:16:03.960 --> 0:16:07.080 Yeah, and he expected the plane to crash, no doubt, exactly, 0:16:07.120 --> 0:16:08.520 and it's landed. 0:16:08.320 --> 0:16:13.280 And he bag exactly so near Childersburg, Alabama Coast Guard 0:16:13.320 --> 0:16:17.560 Investigative Service, they recovered cut parachute lines from tree branches 0:16:18.040 --> 0:16:21.160 and then the actual parachute with a serial number they 0:16:21.160 --> 0:16:25.280 get traced a shrinker. He later admits to dumping a 0:16:25.360 --> 0:16:29.080 bag containing more than fourteen hundred ounces of gold worth 0:16:29.120 --> 0:16:32.240 around two million dollars in the Kusa River when he 0:16:32.320 --> 0:16:33.360 floated down to earth. 0:16:33.640 --> 0:16:35.680 Wait by mistake, No, like on purpose. 0:16:36.000 --> 0:16:38.640 Oh, and it looks like he was hoping he thought 0:16:38.640 --> 0:16:40.840 the plane would make it to the Gulf of Mexico. 0:16:41.080 --> 0:16:43.720 Oh man, and that they would be surprised that they 0:16:43.760 --> 0:16:47.520 wouldn't find a body like Oh, he's claimed by Davy 0:16:47.600 --> 0:16:48.480 Jones's locker. 0:16:48.760 --> 0:16:50.840 But he should have had a plan to bail from 0:16:50.840 --> 0:16:53.120 the plane over the Gulf of Mexico and someone pick 0:16:53.160 --> 0:16:54.320 him up in a go fast boat. 0:16:54.360 --> 0:16:56.800 Otherwise and want someone he's got to do it alone. 0:16:57.080 --> 0:16:57.280 Yeah. 0:16:57.320 --> 0:17:00.640 Well, well, so he lands in Alabama. Yeah, walks across 0:17:00.680 --> 0:17:01.120 this river. 0:17:01.280 --> 0:17:03.560 There's a lot of bad places of land there so many. 0:17:03.360 --> 0:17:06.320 Bad places, goes into a house and tells them that 0:17:06.400 --> 0:17:12.239 he's had a canoe accident, and so the cops. The 0:17:12.280 --> 0:17:15.520 cops come take them to a nearby hotel. And then 0:17:15.560 --> 0:17:18.000 the cops they hear about the crash investigation, and so 0:17:18.040 --> 0:17:22.040 they scooted back to the hotel. Sorry, dudes, he was 0:17:22.080 --> 0:17:24.800 long gone. He paid for his room in cash and 0:17:24.840 --> 0:17:29.719 then ran off into the woods. Next Yeah, so he 0:17:29.800 --> 0:17:33.000 had parked a motorcycle with saddle bags that were like 0:17:33.080 --> 0:17:36.640 fully packed in a storage unit seven miles away from 0:17:36.640 --> 0:17:39.639 the hotel, and so so he wasn't bad in his 0:17:39.800 --> 0:17:43.639 landing bad authorities trace the storage unit to him. A 0:17:43.680 --> 0:17:47.840 few days later. The motorcycle's gone, but his jeans that 0:17:47.880 --> 0:17:50.560 were like still wet, and his socks are still wet, 0:17:50.680 --> 0:17:53.320 hiking boots, t shirt, all in a nearby trash camp. 0:17:54.720 --> 0:17:58.600 So he takes the motors, some details and others. 0:17:58.960 --> 0:18:02.840 He rides to a campground in Florida, and he pays 0:18:02.880 --> 0:18:06.720 for a night at the campground. Caudah gathers up some firewood, 0:18:06.720 --> 0:18:08.080 buys a six pack of bud light. 0:18:08.400 --> 0:18:09.760 Good place to hide up by the way. 0:18:09.680 --> 0:18:12.359 I guess. According to the New York Times, not really 0:18:12.800 --> 0:18:15.720 a quote. In the midst of the manhunt, mister Shrinker 0:18:15.760 --> 0:18:18.560 had sent an email message to a friend Tom Britt 0:18:18.560 --> 0:18:21.399 back in Indiana, asking him to straighten out the facts 0:18:21.440 --> 0:18:24.640 being reported nationwide about the case. In the message, which 0:18:24.680 --> 0:18:28.600 mister Britt turned over to the authorities, mister Shrinker insisted 0:18:28.600 --> 0:18:31.679 that the windshield had really shattered, causing a loss of 0:18:31.760 --> 0:18:34.840 cabin pressure and a condition known as hypoxia, which can 0:18:34.920 --> 0:18:36.120 quote cause people to. 0:18:36.080 --> 0:18:38.640 Make terrible decisions lack of oxygen. 0:18:38.840 --> 0:18:41.679 Yeah, so federal marshalls, they took only one day to 0:18:41.720 --> 0:18:46.120 catch him thanks to a tip. Two dozen officers showed 0:18:46.200 --> 0:18:49.000 up and found that he'd cut himself at the campground. 0:18:49.200 --> 0:18:52.280 So they patch him up. He's airlifted to the nearest hospital, 0:18:52.920 --> 0:18:55.080 and so they search his computer. They take him the 0:18:55.119 --> 0:18:57.359 hospital's fine, he's like I said, he's not good at it. 0:18:58.400 --> 0:19:01.719 When they search his computer, they found Google searches for 0:19:01.760 --> 0:19:04.240 stuff like how to jump from airplanes and how to 0:19:04.280 --> 0:19:08.199 open a pair of food. Can I just say, Can 0:19:08.240 --> 0:19:10.879 I say? I am so toast If authorities ever go 0:19:10.960 --> 0:19:14.080 through my search history like ridiculous crime research will be 0:19:14.119 --> 0:19:14.680 my downfall. 0:19:14.800 --> 0:19:16.600 Oh not only that, they would just be they have 0:19:16.680 --> 0:19:19.800 so many leads to be so confused. Impossible. 0:19:19.880 --> 0:19:22.560 Yeah. June two thousand and nine, Strand. 0:19:22.320 --> 0:19:23.720 Now your shopping history. 0:19:24.000 --> 0:19:29.959 Oh, that's a big problem to shrinker. He pleads guilty 0:19:30.000 --> 0:19:33.000 to charges of destruction of an aircraft and causing the 0:19:33.040 --> 0:19:36.680 coast Guard to respond when no help was needed. For that, 0:19:36.840 --> 0:19:38.680 he gets sentenced. 0:19:37.560 --> 0:19:39.840 To the crime of hassling the coast Guard. Total. 0:19:39.960 --> 0:19:41.719 Yeah, and it's the coast Guard in there, but it 0:19:41.760 --> 0:19:47.199 was like a air force anyway. He gets sentenced to 0:19:47.240 --> 0:19:49.920 fifty one months in prison. Then he got another ten 0:19:50.000 --> 0:19:51.840 years for all the securities fraud. 0:19:52.480 --> 0:19:53.760 Don't forget about that. I forget that. 0:19:53.800 --> 0:19:56.440 The originals he was ordered to pay the coast Guard 0:19:56.520 --> 0:20:00.000 more than thirty four thousand dollars in restitution, and Harley 0:20:00.040 --> 0:20:03.200 Davenston Credit Corporation, who held the lean on the plane 0:20:04.040 --> 0:20:07.360 more than eight hundred and seventy one thousand dollars then. 0:20:07.440 --> 0:20:11.000 Had he like leveraged the plane to get the motorcycle. 0:20:12.720 --> 0:20:16.879 On the idea. He had to pay restitution to the 0:20:16.920 --> 0:20:19.760 victim and is sentencing. He told the judge quote, I. 0:20:19.720 --> 0:20:21.400 Mean his family and friends, yeah. 0:20:21.600 --> 0:20:24.920 Quote. He wanted to repay investors and rebuild his relationship 0:20:24.920 --> 0:20:28.000 with the three children he's seen only once since his arrest. 0:20:28.440 --> 0:20:30.760 He said he has bipolar disorder and he got caught 0:20:30.760 --> 0:20:34.040 in a downward spiral of stress after becoming addicted to painkillers. 0:20:34.640 --> 0:20:36.120