Pilot Investors Schrenker | Investors ignored their suspicions about troubled pilot

January 14, 2009 by frankls
Filed under: Hot Topics

Investors ignored their suspicions about troubled pilot
About six years ago, the hottest name on a Web site set up by retiring Delta pilots was Marcus Schrenker.

"We had this site so we could all talk to each other for advice on retirement options, company news and mainly what to do with our money," said Joe Mazzone, 57. The Auburn, Alabama, pilot was looking for the right person to invest the nest egg he and his wife had spent decades growing.
"Go with Marcus, that’s what I kept seeing. You could trust this guy. He was a pilot, and he understood us," said Mazzone, who gave Schrenker several hundred thousand dollars. "Talk about a regret."

Read the original post Investors ignored their suspicions about troubled pilot – CNN.com

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