Plane Crash Plotter Tells Court He Has No Assets

Jailed former money manager Marcus Schrenker has been appointed a public defender after telling an Indiana magistrate he has no home and that the government has frozen all his assets.

The 38-year-old suburban Indianapolis man appeared by videoconference Tuesday for his initial hearing in a Hamilton County court on 11 felony counts filed against him for allegedly defrauding investors and using their money for his personal expenses.

The magistrate entered a not guilty plea for Schrenker and set a Nov. 9 trial date.

A federal judge last month sentenced Schrenker to four years in prison on charges related to a Jan. 11 Florida plane crash in which he tried to fake his death.